Liberty Latin America Ltd (NASDAQ:LILAK) shares rose 5.8% during trading on Wednesday . The company traded as high as $18.52 and last traded at $18.48, approximately 433,914 shares changed hands during trading. A decline of 27% from the average daily volume of 591,310 shares. The stock had previously closed at $17.47.
A number of equities research analysts recently weighed in on the stock. TheStreet cut shares of Liberty Latin America from a “c” rating to a “d+” rating in a research note on Tuesday, August 6th. BidaskClub raised shares of Liberty Latin America from a “strong sell” rating to a “sell” rating in a report on Thursday, August 8th.
The business’s 50-day simple moving average is $16.28 and its 200 day simple moving average is $18.23.
Several institutional investors have recently bought and sold shares of the company. Financial Gravity Wealth Inc. raised its holdings in Liberty Latin America by 302.9% during the second quarter. Financial Gravity Wealth Inc. now owns 2,647 shares of the company’s stock worth $46,000 after purchasing an additional 1,990 shares in the last quarter. Strs Ohio increased its position in shares of Liberty Latin America by 86.7% during the 1st quarter. Strs Ohio now owns 2,800 shares of the company’s stock valued at $54,000 after purchasing an additional 1,300 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Liberty Latin America in the 2nd quarter worth $177,000. Atria Investments LLC bought a new stake in shares of Liberty Latin America in the 2nd quarter worth $320,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Liberty Latin America in the second quarter valued at $225,000. Institutional investors and hedge funds own 60.65% of the company’s stock.
Liberty Latin America Company Profile (NASDAQ:LILAK)
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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