Liberty Latin America (NASDAQ:LILAK) Sees Strong Trading Volume

Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) saw an uptick in trading volume on Tuesday . 2,217,375 shares were traded during trading, an increase of 100% from the previous session’s volume of 1,106,183 shares.The stock last traded at $9.39 and had previously closed at $9.47.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.50 price target (up previously from $9.30) on shares of Liberty Latin America in a report on Wednesday. Scotiabank raised shares of Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the company from $7.70 to $10.70 in a report on Monday, May 13th. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Pivotal Research decreased their price target on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th.

Liberty Latin America Stock Performance

The company has a market capitalization of $1.87 billion, a P/E ratio of -316.00 and a beta of 1.14. The stock’s fifty day moving average price is $9.70 and its 200-day moving average price is $8.37.

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

Insider Buying and Selling at Liberty Latin America

In related news, Director Brendan J. Paddick bought 250,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the transaction, the director now directly owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Liberty Latin America news, Director Brendan J. Paddick purchased 250,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was purchased at an average price of $8.85 per share, with a total value of $2,212,500.00. Following the completion of the purchase, the director now owns 886,108 shares of the company’s stock, valued at $7,842,055.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dustin Henderson sold 5,906 shares of the firm’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction of $59,060.00. Following the transaction, the insider now directly owns 1,600 shares of the company’s stock, valued at approximately $16,000. The disclosure for this sale can be found here. Company insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds have recently bought and sold shares of LILAK. Truist Financial Corp increased its stake in Liberty Latin America by 17.4% in the fourth quarter. Truist Financial Corp now owns 55,512 shares of the company’s stock valued at $407,000 after purchasing an additional 8,241 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Liberty Latin America by 47,400.0% during the fourth quarter. National Bank of Canada FI now owns 166,250 shares of the company’s stock valued at $1,229,000 after buying an additional 165,900 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Latin America by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,758,415 shares of the company’s stock valued at $27,587,000 after buying an additional 120,234 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Liberty Latin America by 18.2% during the fourth quarter. Principal Financial Group Inc. now owns 75,752 shares of the company’s stock valued at $556,000 after buying an additional 11,663 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of Liberty Latin America by 3.6% during the fourth quarter. Panagora Asset Management Inc. now owns 154,366 shares of the company’s stock valued at $1,133,000 after buying an additional 5,304 shares during the last quarter. Institutional investors own 52.98% 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, 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.