Short Interest in Liberty Latin America Ltd. (NASDAQ:LILAK) Grows By 9.7%

Liberty Latin America Ltd. (NASDAQ:LILAK) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 3,500,000 shares, a growth of 9.7% from the September 30th total of 3,190,000 shares. Based on an average trading volume of 779,200 shares, the days-to-cover ratio is presently 4.5 days. Approximately 2.8% of the shares of the company are sold short.

Insider Activity

In other news, CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total value of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares of the company’s stock, valued at $275,789.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

A number of large investors have recently modified their holdings of LILAK. ProShare Advisors LLC grew its holdings in shares of Liberty Latin America by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 24,721 shares of the company’s stock worth $173,000 after acquiring an additional 1,944 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Liberty Latin America by 29.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after acquiring an additional 3,150 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Liberty Latin America by 6.7% in the 2nd quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock worth $638,000 after acquiring an additional 4,180 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Liberty Latin America by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock worth $770,000 after acquiring an additional 4,487 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of Liberty Latin America in the 3rd quarter worth approximately $55,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Stock Down 1.9 %

LILAK opened at $9.62 on Wednesday. The company has a market cap of $1.90 billion, a PE ratio of -320.67 and a beta of 1.13. The business has a 50 day moving average price of $9.52 and a two-hundred day moving average price of $9.15. Liberty Latin America has a 52 week low of $5.95 and a 52 week high of $10.93.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Pivotal Research dropped their price target on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th.

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, 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.