Liberty Latin America Ltd (NASDAQ:LILA) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 334,400 shares, a drop of 17.2% from the June 30th total of 404,000 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 241,500 shares, the days-to-cover ratio is presently 1.4 days.

LILA stock traded down $0.11 during mid-day trading on Thursday, reaching $15.48. The company had a trading volume of 204,912 shares, compared to its average volume of 302,464. The stock has a 50 day simple moving average of $16.66 and a two-hundred day simple moving average of $18.53. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -7.78 and a beta of 1.83. Liberty Latin America has a 52 week low of $13.96 and a 52 week high of $22.20.

In other news, SVP Christopher J. Noyes bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were acquired at an average price of $17.24 per share, with a total value of $258,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Balan Nair bought 15,060 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $16.60 per share, for a total transaction of $249,996.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 44,560 shares of company stock worth $758,286. 13.82% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. grew its stake in Liberty Latin America by 480.7% in the second quarter. Meeder Asset Management Inc. now owns 3,287 shares of the company’s stock valued at $57,000 after purchasing an additional 2,721 shares in the last quarter. Bank of Montreal Can grew its stake in Liberty Latin America by 298.5% in the second quarter. Bank of Montreal Can now owns 5,145 shares of the company’s stock valued at $88,000 after purchasing an additional 3,854 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Liberty Latin America by 247.4% in the first quarter. BNP Paribas Arbitrage SA now owns 10,349 shares of the company’s stock valued at $200,000 after purchasing an additional 7,370 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Liberty Latin America in the first quarter valued at approximately $217,000. Finally, Squarepoint Ops LLC bought a new position in Liberty Latin America in the fourth quarter valued at approximately $186,000. Hedge funds and other institutional investors own 18.35% of the company’s stock.

LILA has been the topic of a number of recent research reports. ValuEngine raised Liberty Latin America from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Liberty Latin America from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. BidaskClub raised Liberty Latin America from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. TheStreet lowered Liberty Latin America from a “c” rating to a “d+” rating in a research report on Tuesday, August 6th. Finally, Benchmark began coverage on Liberty Latin America in a research note on Thursday, July 25th. They issued a “buy” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $25.75.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. It offers communications and entertainment services, including video, broadband Internet, fixed-line telephony, and mobile 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.

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