Liberty Latin America (NASDAQ:LILAK) Shares Gap Up to $6.43

Liberty Latin America Ltd. (NASDAQ:LILAK)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $6.43, but opened at $6.69. Liberty Latin America shares last traded at $7.33, with a volume of 345,145 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. TheStreet raised shares of Liberty Latin America from a “d” rating to a “c-” rating in a research report on Friday, August 11th. StockNews.com began coverage on shares of Liberty Latin America in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Finally, Scotiabank upgraded shares of Liberty Latin America to a “sector perform” rating in a report on Wednesday, September 27th.

Liberty Latin America Stock Performance

The company has a market capitalization of $1.51 billion, a PE ratio of 8.88 and a beta of 1.34. The company’s 50-day simple moving average is $7.63 and its 200-day simple moving average is $8.08.

Insider Activity

In related news, SVP John M. Winter sold 21,646 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now owns 238,568 shares in the company, valued at $2,182,897.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LILAK. Charles Schwab Investment Management Inc. raised its position in Liberty Latin America by 110.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,944,851 shares of the company’s stock worth $24,324,000 after acquiring an additional 1,542,322 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Liberty Latin America by 16.7% in the first quarter. Dimensional Fund Advisors LP now owns 9,765,770 shares of the company’s stock valued at $80,664,000 after buying an additional 1,397,504 shares during the last quarter. Norges Bank acquired a new position in shares of Liberty Latin America in the fourth quarter valued at approximately $10,077,000. Scion Asset Management LLC acquired a new position in shares of Liberty Latin America in the first quarter valued at approximately $6,608,000. Finally, EA Series Trust acquired a new position in shares of Liberty Latin America in the second quarter valued at approximately $5,219,000. Institutional investors and hedge funds own 56.84% of the company’s stock.

About Liberty Latin America

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.