Liberty Latin America (NASDAQ:LILAK) Trading 5.3% Higher – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LILAK shares. Scotiabank reduced their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group decreased their price target 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.

Liberty Latin America Stock Up 6.5 %

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

Insider Buying and Selling

In other Liberty Latin America news, Director Brendan J. Paddick purchased 18,011 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $6.12 per share, with a total value of $110,227.32. Following the transaction, the director now owns 1,437,518 shares in the company, valued at $8,797,610.16. The trade was a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 156,298 shares of company stock valued at $1,043,886 over the last 90 days. Company insiders own 9.66% of the company’s stock.

Institutional Trading of Liberty Latin America

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC increased its position in shares of Liberty Latin America by 69.2% during the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after purchasing an additional 6,379,203 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Liberty Latin America by 28.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company’s stock valued at $24,916,000 after acquiring an additional 869,420 shares during the period. Geode Capital Management LLC raised its holdings in shares of Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock worth $32,073,000 after purchasing an additional 39,711 shares during the period. State Street Corp lifted its stake in Liberty Latin America by 0.4% in the third quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after purchasing an additional 11,510 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in Liberty Latin America by 9.5% in the fourth quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock worth $19,451,000 after buying an additional 266,301 shares during the last quarter. 52.98% of the stock is owned by hedge funds and other institutional investors.

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.