Liberty Latin America (NASDAQ:LILAK) Reaches New 52-Week High at $9.82

Liberty Latin America Ltd. (NASDAQ:LILAK)’s share price reached a new 52-week high on Thursday . The company traded as high as $9.82 and last traded at $9.81, with a volume of 1263367 shares trading hands. The stock had previously closed at $9.42.

Analyst Upgrades and Downgrades

LILAK has been the topic of a number of analyst reports. Pivotal Research lifted their price target on Liberty Latin America from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Scotiabank upgraded Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $7.70 to $10.70 in a research report on Monday, May 13th.

Liberty Latin America Stock Up 4.6 %

The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of -328.56 and a beta of 1.14. The company has a 50 day moving average of $8.77 and a 200 day moving average of $7.61.

Insider Buying and Selling at Liberty Latin America

In other news, Director Brendan J. Paddick bought 250,000 shares of Liberty Latin America stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the acquisition, the director now owns 886,108 shares of the company’s stock, valued at $7,842,055.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Liberty Latin America news, Director Brendan J. Paddick purchased 250,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the acquisition, the director now owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Brendan J. Paddick purchased 150,000 shares of Liberty Latin America stock in a transaction on 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 transaction, the director now owns 1,036,108 shares of the company’s stock, valued at $9,428,582.80. The disclosure for this purchase can be found here. 9.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co acquired a new position in Liberty Latin America during the 1st quarter worth approximately $75,000. Price T Rowe Associates Inc. MD lifted its position in Liberty Latin America by 4.2% during 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 in the last quarter. Vanguard Group Inc. lifted its position in Liberty Latin America by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after acquiring an additional 197,988 shares in the last quarter. ProShare Advisors LLC lifted its position in Liberty Latin America by 8.5% during 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 in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Liberty Latin America by 74.0% during the 1st quarter. Russell Investments Group Ltd. now owns 352,669 shares of the company’s stock worth $2,465,000 after acquiring an additional 150,007 shares in 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.