Liberty Latin America (NASDAQ:LILA) Stock Price Up 3.5% – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA) shot up 3.5% during mid-day trading on Tuesday . The company traded as high as $6.93 and last traded at $6.89. 52,905 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 365,717 shares. The stock had previously closed at $6.66.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

Liberty Latin America Stock Up 2.7 %

The stock has a fifty day simple moving average of $9.33 and a two-hundred day simple moving average of $9.24. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of LILA. BNP Paribas Financial Markets raised its holdings in shares of Liberty Latin America by 80.8% during the first quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock valued at $117,000 after purchasing an additional 7,494 shares during the period. Vanguard Group Inc. raised its stake in Liberty Latin America by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,294,672 shares of the company’s stock worth $9,024,000 after buying an additional 24,840 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Liberty Latin America by 21.3% in the first quarter. Gamco Investors INC. ET AL now owns 465,241 shares of the company’s stock worth $3,243,000 after acquiring an additional 81,627 shares in the last quarter. Lazard Asset Management LLC grew its stake in Liberty Latin America by 186.5% in the first quarter. Lazard Asset Management LLC now owns 29,716 shares of the company’s stock valued at $206,000 after acquiring an additional 19,345 shares during the period. Finally, Searchlight Capital Partners L.P. increased its holdings in shares of Liberty Latin America by 21.6% during the first quarter. Searchlight Capital Partners L.P. now owns 42,348 shares of the company’s stock valued at $295,000 after acquiring an additional 7,531 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.