Liberty Latin America Ltd. (NASDAQ:LILAK) Short Interest Down 22.8% in November

Liberty Latin America Ltd. (NASDAQ:LILAK) saw a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 3,010,000 shares, a decline of 22.8% from the October 31st total of 3,900,000 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 727,600 shares, the days-to-cover ratio is presently 4.1 days.

Liberty Latin America Stock Performance

Liberty Latin America stock traded down $0.10 during trading hours on Friday, hitting $6.91. 640,371 shares of the stock were exchanged, compared to its average volume of 938,384. The stock has a market capitalization of $1.36 billion, a P/E ratio of -2.36 and a beta of 1.12. The business’s 50-day moving average is $8.74 and its two-hundred day moving average is $9.13. Liberty Latin America has a 12 month low of $5.95 and a 12 month high of $10.93.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick acquired 5,053 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was bought at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the purchase, the director now owns 1,343,021 shares in the company, valued at $9,307,135.53. This represents a 0.38 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC acquired a new stake in Liberty Latin America during the 3rd quarter valued at $55,000. Algert Global LLC bought a new position in shares of Liberty Latin America in the second quarter valued at about $126,000. Quantinno Capital Management LP bought a new position in shares of Liberty Latin America in the third quarter valued at about $125,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Liberty Latin America by 29.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after buying an additional 3,150 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in Liberty Latin America during the 3rd quarter worth about $187,000. 52.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Scotiabank lowered their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Pivotal Research decreased their price target on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th.

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.