Liberty Latin America (NASDAQ:LILA) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.75 and traded as low as $6.43. Liberty Latin America shares last traded at $6.60, with a volume of 237,215 shares.

Liberty Latin America Price Performance

The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.29 and a beta of 1.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock has a 50-day simple moving average of $6.69 and a 200 day simple moving average of $8.61.

Insiders Place Their Bets

In other Liberty Latin America news, Director Brendan J. Paddick acquired 5,053 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was purchased at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the transaction, the director now owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. The trade was a 0.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders acquired 156,298 shares of company stock worth $1,043,886. 11.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Latin America

Institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new stake in shares of Liberty Latin America during the 3rd quarter worth about $104,000. SG Americas Securities LLC purchased a new stake in shares of Liberty Latin America during the 3rd quarter worth about $120,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Liberty Latin America during the 3rd quarter worth about $163,000. XTX Topco Ltd raised its stake in shares of Liberty Latin America by 78.2% during the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock worth $198,000 after purchasing an additional 9,045 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of Liberty Latin America by 48.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,399 shares of the company’s stock worth $205,000 after purchasing an additional 6,999 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Latin America

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.