Liberty Latin America (NASDAQ:LILA) Sees Large Volume Increase

Liberty Latin America Ltd. (NASDAQ:LILA) saw unusually-high trading volume on Friday . Approximately 163,944 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 235,722 shares.The stock last traded at $7.28 and had previously closed at $6.39.

Analysts Set New Price Targets

LILA has been the topic of several research reports. Scotiabank upgraded shares of Liberty Latin America from a “sector underperform” rating to a “sector perform” rating and set a $8.70 price target on the stock in a report on Tuesday, September 26th. Barclays dropped their price objective on shares of Liberty Latin America from $9.50 to $9.25 and set an “equal weight” rating on the stock in a research note on Thursday, August 31st.

Liberty Latin America Trading Up 12.5 %

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 3.19. The business’s 50 day moving average is $7.63 and its 200-day moving average is $8.12. The firm has a market cap of $1.49 billion, a P/E ratio of 8.77 and a beta of 1.35.

Insider Buying and Selling

In other Liberty Latin America news, SVP John M. Winter sold 21,646 shares of Liberty Latin America 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 completion of the transaction, the senior vice president now owns 238,568 shares of the company’s stock, valued at $2,182,897.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 38.34% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in Liberty Latin America in the 4th quarter valued at about $3,194,000. Charles Schwab Investment Management Inc. grew its position in Liberty Latin America by 57.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,125,429 shares of the company’s stock valued at $9,352,000 after buying an additional 410,239 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Liberty Latin America by 12.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,460,901 shares of the company’s stock valued at $20,450,000 after buying an additional 280,428 shares in the last quarter. Renaissance Technologies LLC bought a new position in Liberty Latin America in the 1st quarter valued at about $2,265,000. Finally, Morgan Stanley grew its position in Liberty Latin America by 104.6% in the 4th quarter. Morgan Stanley now owns 439,843 shares of the company’s stock valued at $3,312,000 after buying an additional 224,884 shares in the last quarter. Institutional investors and hedge funds own 15.01% of the company’s stock.

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, 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.