Liberty Latin America Ltd. (NASDAQ:LILAK – Get Rating) was the recipient of a significant increase in short interest in December. As of December 30th, there was short interest totalling 3,530,000 shares, an increase of 9.0% from the December 15th total of 3,240,000 shares. Based on an average trading volume of 1,240,000 shares, the days-to-cover ratio is currently 2.8 days. Currently, 2.5% of the company’s stock are short sold.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its position in shares of Liberty Latin America by 16.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 133,702 shares of the company’s stock valued at $1,042,000 after buying an additional 19,208 shares during the last quarter. Transatlantique Private Wealth LLC purchased a new stake in Liberty Latin America during the 2nd quarter worth about $325,000. DAVENPORT & Co LLC lifted its holdings in 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 purchasing an additional 501,190 shares in the last quarter. Canyon Capital Advisors LLC lifted its holdings in Liberty Latin America by 0.9% during the 2nd quarter. Canyon Capital Advisors LLC now owns 4,828,703 shares of the company’s stock worth $37,616,000 after purchasing an additional 45,152 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC purchased a new stake in Liberty Latin America during the 2nd quarter worth about $78,000. Hedge funds and other institutional investors own 56.96% of the company’s stock.
Liberty Latin America Price Performance
Shares of NASDAQ:LILAK opened at $9.17 on Monday. The company has a market capitalization of $1.99 billion, a PE ratio of -2.30 and a beta of 1.27. The business has a fifty day moving average price of $7.86 and a two-hundred day moving average price of $7.43. Liberty Latin America has a 1 year low of $5.88 and a 1 year high of $11.66.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Pivotal Research decreased their price objective on Liberty Latin America from $12.00 to $10.00 in a report on Monday, October 3rd. StockNews.com began coverage on Liberty Latin America in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.00.
Liberty Latin America Company Profile
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. It offers communications and entertainment services, including video, broadband internet, fixed-line 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 governmental agencies.
- Get a free copy of the StockNews.com research report on Liberty Latin America (LILAK)
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