Liberty Latin America (NASDAQ:LILA) Trading Down 4.4% – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price fell 4.4% during mid-day trading on Tuesday . The company traded as low as $7.10 and last traded at $7.05. 56,270 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 340,930 shares. The stock had previously closed at $7.37.

Liberty Latin America Stock Down 3.9 %

The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of -2.42 and a beta of 1.03. The firm’s fifty day moving average is $6.62 and its 200-day moving average is $8.15.

Insider Activity

In other news, Director Brendan J. Paddick acquired 35,475 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $7.04 per share, with a total value of $249,744.00. Following the completion of the acquisition, the director now directly owns 1,273,443 shares in the company, valued at $8,965,038.72. This represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have purchased 156,298 shares of company stock worth $1,043,886. 11.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Liberty Latin America during the third quarter worth $120,000. Empowered Funds LLC lifted its position in shares of Liberty Latin America by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 190,463 shares of the company’s stock worth $1,825,000 after buying an additional 9,648 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Liberty Latin America in the 3rd quarter valued at about $104,000. Banco Santander S.A. grew its position in shares of Liberty Latin America by 47.8% during the 3rd quarter. Banco Santander S.A. now owns 800,000 shares of the company’s stock valued at $7,664,000 after buying an additional 258,631 shares during the last quarter. Finally, FMR LLC raised its stake in Liberty Latin America by 60,327.0% during the third quarter. FMR LLC now owns 2,160,869 shares of the company’s stock worth $20,701,000 after acquiring an additional 2,157,293 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.