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

Liberty Latin America Ltd. (NASDAQ:LILAK) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 3,500,000 shares, an increase of 9.7% from the September 30th total of 3,190,000 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily trading volume, of 779,200 shares, the short-interest ratio is currently 4.5 days.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group restated a “neutral” rating and set a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th. Pivotal Research lowered their price target on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Liberty Latin America Price Performance

Shares of LILAK opened at $9.68 on Friday. The firm has a market capitalization of $1.91 billion, a PE ratio of -323.00 and a beta of 1.13. The company’s 50-day moving average is $9.52 and its 200-day moving average is $9.15. Liberty Latin America has a fifty-two week low of $5.95 and a fifty-two week high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.14). The business had revenue of $1.12 billion for the quarter.

Insider Activity

In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the completion of the transaction, the chief accounting officer now directly owns 28,788 shares in the company, valued at $275,789.04. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.66% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Latin America

Several hedge funds have recently added to or reduced their stakes in LILAK. ProShare Advisors LLC raised its stake in Liberty Latin America by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 24,721 shares of the company’s stock worth $173,000 after purchasing an additional 1,944 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in shares of Liberty Latin America by 29.9% in the second 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. Principal Financial Group Inc. raised its position in shares of Liberty Latin America by 6.7% in the second quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock valued at $638,000 after buying an additional 4,180 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Liberty Latin America by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock valued at $770,000 after buying an additional 4,487 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Liberty Latin America during the third quarter worth approximately $55,000. 52.98% of the stock is owned by institutional investors and hedge funds.

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, 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.