Liberty Latin America Ltd. (NASDAQ:LILAK) Short Interest Update

Liberty Latin America Ltd. ( NASDAQ:LILAK – Receive Rating ) was the target of a large decline in short interest in November. As of November 15th, there was short interest totaling 3,170,000 shares, a decrease of 11.2% from the October 31st total of 3,570,000 shares. Based on an average daily trading volume of 1,370,000 shares, the short interest ratio is now 2.3 days. Currently, 2.2% of the company’s shares are sold short.

Changes in analysts’ ratings

LILAK has been the subject of a number of researchers’ reports. TheStreet lowered shares of Liberty Latin America from a “c-” rating to a “d” rating in a report on Wednesday, August 10th. Pivotal Research reduced their price objective on shares of Liberty America Latin America from $12.00 to $10.00 in a research report on Monday, October 3rd. Finally, StockNews.com assumed coverage on shares of Liberty Latin America in a research report on Wednesday, October 12th. They gave the stock a “hold” rating. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Neutral Buy” and an average price target of $13.00, according to MarketBeat.com.

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Liberty Latin America shares fell 0.1%

Shares of Liberty Latin America stock opened at $7.78 on Friday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -1.95 and a beta of 1.30. The company’s 50-day moving average is $7.50, and its 200-day moving average is $7.58. Liberty Latin America has a twelve month low of $5.88 and a twelve month high of $12.15.

Institutional trade in Latin America

A number of hedge funds and other institutional investors have recently modified their holdings of LILAK. Canyon Capital Advisors LLC grew its holdings in Liberty Latin America by 21.4% in the 1st quarter. Canyon Capital Advisors LLC now owns 4,783,551 shares of the company’s stock worth $45,874,000 after acquiring an additional 842,561 shares in the last quarter. Long Focus Capital Management LLC boosted its holdings in Liberty Latin America by 54.3% during the 3rd quarter. Long Focus Capital Management LLC now owns 2,060,900 shares of the company’s stock valued at $12,675,000 after acquiring an additional 724,900 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Liberty Latin America by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,993,024 shares of the company’s stock worth $67,065,000 after acquiring an additional 536,718 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Liberty Latin America by 24.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,565,072 shares of the company’s stock worth $15,768,000 after buying an additional 501,190 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Liberty Latin America by 80.1% in the 1st quarter. Prudential Financial Inc. now owns 940,556 shares of the company’s stock worth $9,020,000 after buying an additional 418,201 shares during the last quarter. 59.06% of shares are owned by hedge funds and other institutional investors.

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Liberty Latin America Company Profile

(Rate)

Liberty Latin America Ltd. together with its subsidiaries, provides fixed, mobile and underground telecommunication services. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR and Costa Rica segments. It provides communications and entertainment services, including video, broadband Internet, fixed telephony and mobile 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 government agencies.

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