Liberty Latin America (NASDAQ:LILAK) Share Price Crosses Above Fifty Day Moving Average of $8.57

Liberty Latin America Ltd. (NASDAQ:LILAK)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.57 and traded as high as $9.62. Liberty Latin America shares last traded at $9.40, with a volume of 823,081 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LILAK shares. StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Scotiabank upgraded Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the stock from $7.70 to $10.70 in a research note on Monday, May 13th. Finally, Pivotal Research boosted their target price on shares of Liberty Latin America from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 10th.

Liberty Latin America Trading Down 2.6 %

The company has a fifty day moving average price of $8.60 and a 200 day moving average price of $7.53.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick bought 250,000 shares of Liberty Latin America stock in a transaction on Friday, June 21st. The stock was purchased at an average cost of $8.85 per share, with a total value of $2,212,500.00. Following the purchase, the director now directly owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Liberty Latin America news, Director Brendan J. Paddick purchased 250,000 shares of Liberty Latin America stock in a transaction on Friday, June 21st. The stock was bought at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the transaction, the director now owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brendan J. Paddick purchased 150,000 shares of the stock in a transaction dated Monday, June 24th. The shares were acquired at an average cost of $9.10 per share, for a total transaction of $1,365,000.00. Following the completion of the acquisition, the director now directly owns 1,036,108 shares of the company’s stock, valued at approximately $9,428,582.80. The disclosure for this purchase can be found here. 9.66% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Latin America

Institutional investors have recently made changes to their positions in the stock. Paloma Partners Management Co bought a new position in Liberty Latin America during the first quarter valued at about $75,000. Price T Rowe Associates Inc. MD grew its stake 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 purchasing an additional 4,487 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Liberty Latin America by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after purchasing an additional 197,988 shares in the last quarter. ProShare Advisors LLC raised 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 purchasing an additional 1,944 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Liberty Latin America by 74.0% during the first quarter. Russell Investments Group Ltd. now owns 352,669 shares of the company’s stock valued at $2,465,000 after purchasing an additional 150,007 shares during the last quarter. 52.98% of the stock is owned by institutional investors and hedge funds.

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.