Liberty Latin America Ltd. (NASDAQ:LILAK) Sees Large Decline in Short Interest

Liberty Latin America Ltd. (NASDAQ:LILAK) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 4,120,000 shares, a drop of 15.9% from the August 31st total of 4,900,000 shares. Based on an average trading volume of 1,030,000 shares, the short-interest ratio is currently 4.0 days. Approximately 3.2% of the shares of the company are sold short.

Liberty Latin America Stock Up 1.6 %

Shares of LILAK traded up $0.15 during trading hours on Friday, reaching $9.76. 429,466 shares of the company traded hands, compared to its average volume of 1,071,397. The stock has a market capitalization of $1.93 billion, a PE ratio of -325.33 and a beta of 1.14. The stock has a fifty day simple moving average of $9.65 and a 200 day simple moving average of $8.71. Liberty Latin America has a fifty-two week low of $5.95 and a fifty-two week high of $10.93.

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

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the sale, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at approximately $275,789.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of the company’s stock in a transaction dated 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 in the company, valued at $16,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian D. Zook sold 26,197 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the sale, the chief accounting officer now directly owns 28,788 shares in the company, valued at approximately $275,789.04. The disclosure for this sale can be found here. Company insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Headlands Technologies LLC purchased a new stake in shares of Liberty Latin America during the 1st quarter worth about $41,000. Allspring Global Investments Holdings LLC acquired a new stake in Liberty Latin America during the 1st quarter valued at $44,000. Hartline Investment Corp purchased a new stake in Liberty Latin America during the 1st quarter worth $74,000. Paloma Partners Management Co acquired a new position in Liberty Latin America in the 1st quarter worth $75,000. Finally, TFO Wealth Partners LLC boosted its position in Liberty Latin America by 26,514.3% in the 4th quarter. TFO Wealth Partners LLC now owns 13,041 shares of the company’s stock valued at $96,000 after buying an additional 12,992 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. The Goldman Sachs Group restated a “neutral” rating and set a $10.50 target price (up from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. Finally, Pivotal Research cut their target price on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th.

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.