Liberty Latin America (NASDAQ:LILA) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $8.01 and traded as low as $7.69. Liberty Latin America shares last traded at $7.80, with a volume of 285,177 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $6.50.

Liberty Latin America Stock Up 0.4%

The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 6.78. The company has a 50-day simple moving average of $8.01 and a two-hundred day simple moving average of $6.67. The stock has a market cap of $1.56 billion, a P/E ratio of -1.32 and a beta of 0.99.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, August 7th. The company reported ($2.12) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($2.13). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 26.61% and a negative return on equity of 77.72%. On average, equities analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio bought a new position in shares of Liberty Latin America during the first quarter valued at approximately $34,000. CWM LLC raised its holdings in shares of Liberty Latin America by 80.7% during the third quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after acquiring an additional 2,897 shares in the last quarter. Covestor Ltd raised its holdings in shares of Liberty Latin America by 6,532.0% during the third quarter. Covestor Ltd now owns 8,290 shares of the company’s stock valued at $69,000 after acquiring an additional 8,165 shares in the last quarter. Corton Capital Inc. bought a new position in shares of Liberty Latin America during the second quarter valued at approximately $66,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Liberty Latin America by 36.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company’s stock valued at $90,000 after acquiring an additional 3,755 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.