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

Liberty Latin America Ltd. (NASDAQ:LILA) shares 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.

Analyst Ratings Changes

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

Liberty Latin America Price Performance

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

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($2.13). Liberty Latin America had a negative net margin of 26.61% and a negative return on equity of 77.72%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently modified their holdings of LILA. Fourth Sail Capital LP bought a new position in shares of Liberty Latin America during the first quarter valued at $8,977,000. BNP Paribas Financial Markets increased its holdings in shares of Liberty Latin America by 604.1% during the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after acquiring an additional 341,794 shares in the last quarter. Sculptor Capital LP bought a new position in shares of Liberty Latin America during the second quarter valued at $2,029,000. Marshall Wace LLP bought a new position in shares of Liberty Latin America during the second quarter valued at $1,709,000. Finally, Steward Partners Investment Advisory LLC bought a new position in shares of Liberty Latin America during the second quarter valued at $936,000. 18.48% of the stock is currently owned by institutional investors.

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.