Liberty Latin America (NASDAQ:LILAK – Get Rating) was upgraded by equities research analysts at TheStreet from a “d” rating to a “c-” rating in a report released on Friday, TheStreetRatingsTable reports.
LILAK has been the topic of a number of other reports. Scotiabank raised shares of Liberty Latin America from an “underperform” rating to a “sector perform” rating in a report on Thursday, May 5th. They noted that the move was a valuation call. StockNews.com began coverage on Liberty Latin America in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Citigroup reduced their target price on Liberty Latin America from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, March 11th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $18.50.
NASDAQ LILAK opened at $8.87 on Friday. The company has a market capitalization of $2.01 billion, a PE ratio of -4.64 and a beta of 1.30. Liberty Latin America has a 52-week low of $7.76 and a 52-week high of $14.95. The company has a 50-day simple moving average of $9.77 and a 200 day simple moving average of $10.77.
In other news, major shareholder John C. Malone purchased 567,151 shares of the stock in a transaction on Thursday, May 12th. The shares were acquired at an average price of $8.11 per share, for a total transaction of $4,599,594.61. Following the completion of the transaction, the insider now directly owns 567,152 shares of the company’s stock, valued at approximately $4,599,602.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank bought a new position in shares of Liberty Latin America during the fourth quarter valued at about $17,872,000. Canyon Capital Advisors LLC boosted its holdings in Liberty Latin America by 21.4% during the 1st quarter. Canyon Capital Advisors LLC now owns 4,783,551 shares of the company’s stock valued at $45,874,000 after acquiring an additional 842,561 shares during the period. Long Focus Capital Management LLC bought a new position in Liberty Latin America during the 4th quarter worth approximately $9,137,000. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 536,718 shares during the period. Finally, Alberta Investment Management Corp lifted its position in Liberty Latin America by 20.5% in the fourth quarter. Alberta Investment Management Corp now owns 2,749,039 shares of the company’s stock valued at $31,339,000 after purchasing an additional 467,000 shares during the last quarter. Institutional investors and hedge funds own 59.43% of the company’s stock.
Liberty Latin America Company Profile (Get Rating)
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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