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

Liberty Latin America Ltd. (NASDAQ:LILA) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 50 day moving average price of $6.69 and a two-hundred day moving average price of $8.61. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $1.32 billion, a PE ratio of -2.29 and a beta of 1.04.

Insider Buying and Selling

In related news, Director Brendan J. Paddick bought 18,011 shares of Liberty Latin America stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $6.12 per share, for a total transaction of $110,227.32. Following the acquisition, the director now owns 1,437,518 shares in the company, valued at $8,797,610.16. This trade represents a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders purchased 156,298 shares of company stock worth $1,043,886. 11.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in LILA. FMR LLC lifted its holdings in Liberty Latin America by 60,327.0% in the 3rd quarter. FMR LLC now owns 2,160,869 shares of the company’s stock worth $20,701,000 after purchasing an additional 2,157,293 shares during the last quarter. Banco Santander S.A. lifted its holdings in shares of Liberty Latin America by 47.8% during the third quarter. Banco Santander S.A. now owns 800,000 shares of the company’s stock worth $7,664,000 after buying an additional 258,631 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Liberty Latin America during the second quarter worth approximately $2,073,000. UMB Bank n.a. lifted its holdings in shares of Liberty Latin America by 2,129.7% during the fourth quarter. UMB Bank n.a. now owns 169,415 shares of the company’s stock worth $1,077,000 after buying an additional 161,817 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB acquired a new position in shares of Liberty Latin America during the fourth quarter worth approximately $753,000. 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.