Liberty Latin America Ltd. (NASDAQ:LILAK) Short Interest Update

Liberty Latin America Ltd. (NASDAQ:LILAK) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 3,010,000 shares, a decrease of 22.8% from the October 31st total of 3,900,000 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily trading volume, of 727,600 shares, the days-to-cover ratio is currently 4.1 days.

Liberty Latin America Stock Down 0.3 %

Liberty Latin America stock opened at $7.01 on Friday. The firm has a market capitalization of $1.38 billion, a PE ratio of -2.39 and a beta of 1.12. Liberty Latin America has a 52 week low of $5.95 and a 52 week high of $10.93. The firm’s 50-day simple moving average is $8.79 and its 200 day simple moving average is $9.13.

Institutional Trading of Liberty Latin America

Institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in shares of Liberty Latin America in the third quarter valued at $55,000. Quantinno Capital Management LP purchased a new position in Liberty Latin America in the 3rd quarter valued at about $125,000. Algert Global LLC acquired a new stake in shares of Liberty Latin America during the 2nd quarter worth about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Liberty Latin America by 29.9% during the second 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 buying an additional 3,150 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Liberty Latin America during the third quarter worth about $187,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analyst Ratings Changes

LILAK has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.50 price objective (up previously from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. Scotiabank reduced their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Pivotal Research lowered their target price on shares of 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. Finally, StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

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.