Liberty Latin America (NASDAQ:LILA) Upgraded by BidaskClub to Hold

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BidaskClub upgraded shares of Liberty Latin America (NASDAQ:LILA) from a sell rating to a hold rating in a research note issued to investors on Thursday morning, BidAskClub reports.

Other equities research analysts have also recently issued reports about the stock. TheStreet cut shares of Liberty Latin America from a c rating to a d+ rating in a research report on Tuesday, August 6th. Zacks Investment Research raised shares of Liberty Latin America from a sell rating to a hold rating in a research report on Wednesday, August 7th. Benchmark began coverage on shares of Liberty Latin America in a research report on Thursday, July 25th. They issued a buy rating and a $26.00 target price on the stock. Finally, ValuEngine cut shares of Liberty Latin America from a buy rating to a hold rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Liberty Latin America has a consensus rating of Hold and an average price target of $25.00.

Shares of LILA traded up $0.04 during mid-day trading on Thursday, hitting $18.53. The company had a trading volume of 105,794 shares, compared to its average volume of 289,779. The business’s 50-day simple moving average is $16.29 and its 200-day simple moving average is $18.25. Liberty Latin America has a 1-year low of $13.96 and a 1-year high of $22.20. The stock has a market cap of $3.19 billion, a PE ratio of -9.31 and a beta of 1.80.

In other Liberty Latin America news, insider Balan Nair purchased 15,060 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $16.60 per share, for a total transaction of $249,996.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Louis Zinterhofer purchased 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of $17.00 per share, for a total transaction of $1,700,000.00. Insiders purchased 1,425,597 shares of company stock worth $24,664,005 in the last 90 days. 13.82% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Liberty Latin America by 1.2% in the second quarter. BlackRock Inc. now owns 3,069,384 shares of the company’s stock valued at $52,885,000 after buying an additional 35,799 shares during the period. PenderFund Capital Management Ltd. raised its stake in shares of Liberty Latin America by 586.9% during the second quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the company’s stock valued at $2,254,000 after purchasing an additional 1,708,853 shares during the period. S&CO Inc. raised its stake in shares of Liberty Latin America by 4.6% during the second quarter. S&CO Inc. now owns 1,105,719 shares of the company’s stock valued at $19,052,000 after purchasing an additional 48,255 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Liberty Latin America by 40.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,079,141 shares of the company’s stock valued at $15,626,000 after purchasing an additional 313,335 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Liberty Latin America during the second quarter valued at approximately $17,156,000. Hedge funds and other institutional investors own 18.89% of the company’s stock.

About Liberty Latin America

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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