Short Interest in Liberty Latin America Ltd. (NASDAQ:LILAK) Rises By 19.8%

Liberty Latin America Ltd. (NASDAQ:LILAKGet Rating) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 4,650,000 shares, a growth of 19.8% from the May 31st total of 3,880,000 shares. Currently, 3.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 3.6 days.

LILAK traded down $0.09 during midday trading on Wednesday, reaching $7.66. 3,929 shares of the company’s stock were exchanged, compared to its average volume of 1,126,626. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -4.06 and a beta of 1.33. Liberty Latin America has a one year low of $6.95 and a one year high of $14.94. The business has a 50-day simple moving average of $8.58 and a two-hundred day simple moving average of $9.87.

Liberty Latin America (NASDAQ:LILAKGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.36 EPS for the quarter. The business had revenue of $1.22 billion for the quarter.

In other news, SVP Aamir Hussain purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The stock was bought at an average cost of $8.99 per share, for a total transaction of $89,900.00. Following the completion of the acquisition, the senior vice president now directly owns 10,000 shares of the company’s stock, valued at $89,900. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder John C. Malone purchased 567,151 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were purchased at an average price of $8.11 per share, with a total value of $4,599,594.61. Following the completion of the acquisition, the insider now directly owns 567,152 shares of the company’s stock, valued at $4,599,602.72. The disclosure for this purchase can be found here. Insiders have acquired 1,144,302 shares of company stock worth $9,289,089 over the last three months.

A number of institutional investors and hedge funds have recently made changes to their positions in LILAK. Genesis Investment Management LLP increased its holdings in shares of Liberty Latin America by 1.6% during the first quarter. Genesis Investment Management LLP now owns 9,976,715 shares of the company’s stock worth $95,677,000 after buying an additional 157,368 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Latin America by 8.3% during the first quarter. Dimensional Fund Advisors LP now owns 6,993,024 shares of the company’s stock worth $67,065,000 after buying an additional 536,718 shares in the last quarter. Canyon Capital Advisors LLC increased its holdings in shares of Liberty Latin America by 21.4% during the first quarter. Canyon Capital Advisors LLC now owns 4,783,551 shares of the company’s stock worth $45,874,000 after buying an additional 842,561 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Liberty Latin America by 4.0% during the first quarter. Vanguard Group Inc. now owns 3,452,758 shares of the company’s stock worth $33,111,000 after buying an additional 131,796 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Liberty Latin America by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 3,008,940 shares of the company’s stock valued at $34,301,000 after purchasing an additional 125,006 shares in the last quarter. Hedge funds and other institutional investors own 59.43% of the company’s stock.

A number of equities research analysts have issued reports on LILAK shares. TheStreet upgraded shares of Liberty Latin America from a “d” rating to a “c-” rating in a report on Friday, May 13th. StockNews.com began coverage on shares of Liberty Latin America in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup reduced their target price on shares of Liberty Latin America from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, March 11th. Finally, Scotiabank upgraded shares of Liberty Latin America from an “underperform” rating to a “sector perform” rating in a research note on Friday, June 17th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Liberty Latin America currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

Liberty Latin America Company Profile (Get Rating)

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.

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