Liberty Latin America (NASDAQ:LILAK) Shares Up 5.3% – What’s Next?

Liberty Latin America Ltd. (NASDAQ:LILAK)’s share price traded up 5.3% during mid-day trading on Wednesday . The stock traded as high as $7.27 and last traded at $7.24. 364,738 shares were traded during mid-day trading, a decline of 47% from the average session volume of 682,720 shares. The stock had previously closed at $6.87.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price objective on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Scotiabank lowered their price target on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a report on Friday, November 8th.

Liberty Latin America Price Performance

The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -2.50 and a beta of 1.02. The company has a 50-day moving average price of $6.54 and a 200-day moving average price of $8.19.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick bought 35,475 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average price of $7.04 per share, with a total value of $249,744.00. Following the transaction, the director now owns 1,273,443 shares in the company, valued at $8,965,038.72. This represents a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have purchased 156,298 shares of company stock worth $1,043,886. Company insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. New Age Alpha Advisors LLC acquired a new position in shares of Liberty Latin America during the 4th quarter worth approximately $41,000. Norges Bank bought a new position in shares of Liberty Latin America in the fourth quarter valued at about $3,134,000. EntryPoint Capital LLC bought a new position in shares of Liberty Latin America in the fourth quarter valued at about $102,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Liberty Latin America during the 4th quarter worth about $183,000. Finally, Virtu Financial LLC grew its stake in Liberty Latin America by 58.5% in the 4th quarter. Virtu Financial LLC now owns 98,671 shares of the company’s stock valued at $626,000 after buying an additional 36,433 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.