Liberty Latin America Ltd. (NASDAQ:LILAK) Sees Significant Growth in Short Interest

Liberty Latin America Ltd. (NASDAQ:LILAK - Get Free Report) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 3,500,000 shares, a growth of 9.7% from the September 30th total of 3,190,000 shares. Approximately 2.8% of the company's shares are short sold. Based on an average daily trading volume, of 779,200 shares, the days-to-cover ratio is presently 4.5 days.

Liberty Latin America Price Performance

LILAK stock traded up $0.12 during midday trading on Wednesday, reaching $9.74. 445,999 shares of the company were exchanged, compared to its average volume of 1,006,502. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -323.33 and a beta of 1.13. The business has a 50-day moving average price of $9.52 and a two-hundred day moving average price of $9.15. Liberty Latin America has a one year low of $5.95 and a one year high of $10.93.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.14). The firm had revenue of $1.12 billion during the quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on LILAK shares. The Goldman Sachs Group reissued a "neutral" rating and issued a $10.50 price target (up previously from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th. Pivotal Research cut their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. Finally, StockNews.com downgraded shares of Liberty Latin America from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th.

Insider Transactions at Liberty Latin America

In other news, CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares of the company's stock, valued at $275,789.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 9.66% of the company's stock.

Institutional Investors Weigh In On Liberty Latin America

Large investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its holdings in shares of Liberty Latin America by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 24,721 shares of the company's stock worth $173,000 after acquiring an additional 1,944 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Liberty Latin America by 29.9% during the second 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 purchasing an additional 3,150 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Liberty Latin America by 6.7% in the 2nd quarter. Principal Financial Group Inc. now owns 66,269 shares of the company's stock valued at $638,000 after purchasing an additional 4,180 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Liberty Latin America by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company's stock valued at $770,000 after purchasing an additional 4,487 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Liberty Latin America in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 52.98% 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.