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.
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.
Liberty Latin America Company Profile
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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