Liberty Latin America Ltd. (NASDAQ:LILAK – Get Free Report) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 3,890,000 shares, a drop of 7.4% from the October 15th total of 4,200,000 shares. Based on an average daily volume of 851,400 shares, the short-interest ratio is currently 4.6 days. Approximately 2.8% of the company’s stock are short sold.
Liberty Latin America Price Performance
LILAK remained flat at $7.01 on Friday. 419,107 shares of the company were exchanged, compared to its average volume of 1,017,616. The stock has a market cap of $1.46 billion, a P/E ratio of 8.59 and a beta of 1.34. The firm has a 50 day moving average of $7.53 and a two-hundred day moving average of $8.05. Liberty Latin America has a 12-month low of $6.41 and a 12-month high of $9.98.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on LILAK shares. Scotiabank upgraded Liberty Latin America to a “sector perform” rating in a research report on Wednesday, September 27th. StockNews.com started coverage on shares of Liberty Latin America in a report on Thursday, October 5th. They issued a “hold” rating for the company. Finally, TheStreet raised shares of Liberty Latin America from a “d” rating to a “c-” rating in a report on Friday, August 11th.
In other Liberty Latin America news, SVP John M. Winter sold 21,646 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $9.15, for a total value of $198,060.90. Following the transaction, the senior vice president now owns 238,568 shares in the company, valued at approximately $2,182,897.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.66% of the company’s stock.
Institutional Trading of Liberty Latin America
Several institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Latin America by 110.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,944,851 shares of the company’s stock worth $24,324,000 after buying an additional 1,542,322 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Liberty Latin America by 16.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,765,770 shares of the company’s stock worth $80,664,000 after acquiring an additional 1,397,504 shares during the last quarter. Norges Bank acquired a new stake in shares of Liberty Latin America during the fourth quarter worth $10,077,000. Scion Asset Management LLC purchased a new stake in shares of Liberty Latin America during the first quarter valued at $6,608,000. Finally, EA Series Trust purchased a new stake in shares of Liberty Latin America during the second quarter valued at $5,219,000. Institutional investors and hedge funds own 56.84% 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, Liberty Costa Rico, and VTR 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.
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