Liberty Latin America (NASDAQ:LILAK) Stock Price Down 5.3%

Liberty Latin America Ltd (NASDAQ:LILAK) shares were down 5.3% on Wednesday . The stock traded as low as $15.56 and last traded at $15.58, approximately 650,392 shares changed hands during trading. An increase of 8% from the average daily volume of 603,649 shares. The stock had previously closed at $16.46.

Several equities analysts recently weighed in on LILAK shares. BidaskClub raised shares of Liberty Latin America from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. TheStreet lowered shares of Liberty Latin America from a “c” rating to a “d+” rating in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Liberty Latin America presently has an average rating of “Hold” and a consensus target price of $27.00.

The firm has a 50 day simple moving average of $16.72.

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Liberty Latin America by 57.9% during the 4th quarter. Bank of America Corp DE now owns 130,647 shares of the company’s stock worth $1,904,000 after acquiring an additional 47,889 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Liberty Latin America by 10.2% during the 4th quarter. Legal & General Group Plc now owns 61,304 shares of the company’s stock worth $893,000 after acquiring an additional 5,666 shares in the last quarter. FMR LLC boosted its stake in shares of Liberty Latin America by 363.1% during the 4th quarter. FMR LLC now owns 850,978 shares of the company’s stock worth $12,398,000 after acquiring an additional 667,212 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Liberty Latin America by 45.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,337,902 shares of the company’s stock worth $34,062,000 after acquiring an additional 727,156 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Liberty Latin America during the 4th quarter worth about $17,848,000. Hedge funds and other institutional investors own 58.24% of the company’s stock.

About Liberty Latin America (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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