Liberty Latin America Ltd. (NASDAQ:LILAK – Get Rating)'s share price traded up 6.9% on Wednesday . The company traded as high as $7.62 and last traded at $7.62. 26,145 shares changed hands during trading, a decline of 98% from the average session volume of 1,237,065 shares. The stock had previously closed at $7.13.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. StockNews.com assumed coverage on Liberty Latin America in a research report on Wednesday, October 12th. They set a "hold" rating on the stock. Pivotal Research dropped their price target on Liberty Latin America from $12.00 to $10.00 in a research report on Monday, October 3rd. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $13.00.
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Liberty Latin America Price Performance
The firm has a 50-day moving average of $7.60 and a 200 day moving average of $7.38.
Institutional Trading of Liberty Latin America
Several large investors have recently added to or reduced their stakes in the business. Canyon Capital Advisors LLC increased its position in shares of 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 purchasing an additional 842,561 shares during the period. Long Focus Capital Management LLC increased its position in shares of Liberty Latin America by 54.3% during the 3rd quarter. Long Focus Capital Management LLC now owns 2,060,900 shares of the company's stock valued at $12,675,000 after purchasing an additional 724,900 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Liberty Latin America by 8.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,993,024 shares of the company's stock valued at $67,065,000 after purchasing an additional 536,718 shares during the period. DAVENPORT & Co LLC increased its position in shares of Liberty Latin America by 24.3% during the 3rd quarter. DAVENPORT & Co LLC now owns 2,565,072 shares of the company's stock valued at $15,768,000 after purchasing an additional 501,190 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Liberty Latin America by 80.1% during the 1st quarter. Prudential Financial Inc. now owns 940,556 shares of the company's stock valued at $9,020,000 after purchasing an additional 418,201 shares during the period. 56.96% of the stock is currently owned by institutional investors and hedge funds.
About Liberty Latin America
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Liberty Latin America (LILAK)
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