Liberty Latin America (NASDAQ:LILAK) Sees Unusually-High Trading Volume

Liberty Latin America Ltd. (NASDAQ:LILAKGet Rating) shares saw an uptick in trading volume on Thursday . 30,988 shares changed hands during mid-day trading, a decline of 97% from the previous session’s volume of 998,982 shares.The stock last traded at $6.82 and had previously closed at $6.70.

Analyst Ratings Changes

LILAK has been the topic of a number of recent analyst reports. Pivotal Research dropped their target price on shares of Liberty Latin America from $17.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, July 18th. TheStreet downgraded shares of Liberty Latin America from a “c-” rating to a “d” rating in a research report on Wednesday, August 10th. Finally, Scotiabank raised shares of Liberty Latin America from an “underperform” rating to a “sector perform” rating in a research report on Friday, June 17th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Liberty Latin America Stock Up 2.4 %

The company has a market cap of $1.50 billion, a PE ratio of -1.68 and a beta of 1.23. The firm’s fifty day simple moving average is $7.17 and its 200-day simple moving average is $8.50.

Liberty Latin America (NASDAQ:LILAKGet Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($2.10) earnings per share (EPS) for the quarter. The business had revenue of $1.22 billion for the quarter.

Hedge Funds Weigh In On Liberty Latin America

A number of institutional investors have recently modified their holdings of LILAK. BNP Paribas Arbitrage SA increased its position in Liberty Latin America by 272.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 169,114 shares of the company’s stock worth $1,928,000 after purchasing an additional 123,758 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Liberty Latin America in the fourth quarter worth $154,000. Teacher Retirement System of Texas increased its position in shares of Liberty Latin America by 18.7% in the fourth quarter. Teacher Retirement System of Texas now owns 29,454 shares of the company’s stock worth $336,000 after acquiring an additional 4,639 shares in the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Liberty Latin America by 74.1% in the fourth quarter. Qube Research & Technologies Ltd now owns 109,464 shares of the company’s stock valued at $1,248,000 after purchasing an additional 46,603 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Liberty Latin America by 6.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,907,891 shares of the company’s stock valued at $21,750,000 after purchasing an additional 114,706 shares during the period. Institutional investors and hedge funds own 59.06% 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.

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