Liberty Latin America (NASDAQ:LILAK) Trading Down 5.3% – Time to Sell?

Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) traded down 5.3% during trading on Tuesday . The stock traded as low as $7.03 and last traded at $7.03. 92,157 shares were traded during trading, a decline of 91% from the average session volume of 999,712 shares. The stock had previously closed at $7.42.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Scotiabank lowered their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Pivotal Research lowered their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $10.50 price objective (up previously from $9.30) on shares of Liberty Latin America in a research report on Wednesday, September 4th.

Liberty Latin America Stock Performance

The company’s fifty day moving average price is $8.90 and its 200-day moving average price is $9.16. The stock has a market cap of $1.38 billion, a P/E ratio of -2.40 and a beta of 1.12.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors have recently made changes to their positions in the company. nVerses Capital LLC bought a new stake in Liberty Latin America during the 3rd quarter valued at about $55,000. Quantinno Capital Management LP bought a new stake in Liberty Latin America during the 3rd quarter valued at about $125,000. Algert Global LLC bought a new stake in Liberty Latin America during the 2nd quarter valued at about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in Liberty Latin America by 29.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock valued at $132,000 after buying an additional 3,150 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Liberty Latin America during the 3rd quarter valued at about $187,000. Institutional investors own 52.98% 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.