Liberty Latin America (NASDAQ:LILAK) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Liberty Latin America (NASDAQ:LILAK – Get Rating) in a report published on Thursday. The brokerage issued a hold rating on the stock.

Separately, TheStreet raised Liberty Latin America from a d rating to a c- rating in a research note on Wednesday, March 1st.

Liberty Latin America Stock Performance

LILAK stock remained flat at $7.81 during trading on Thursday. The company had a trading volume of 3,871,028 shares, compared to its average volume of 1,233,529. The firm’s fifty day moving average is $8.99 and its two-hundred day moving average is $7.90. The stock has a market capitalization of $1.68 billion, a P/E ratio of -10.14 and a beta of 1.33. Liberty Latin America has a twelve month low of $5.88 and a twelve month high of $11.32.

Liberty Latin America (NASDAQ:LILAK – Get Rating) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $0.59 EPS for the quarter. The business had revenue of $1.16 billion during the quarter.

Insider Activity at Liberty Latin America

In related news, Director Eric Louis Zinterhofer acquired 75,000 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The stock was acquired at an average price of $7.82 per share, for a total transaction of $586,500.00. Following the completion of the acquisition, the director now owns 12,143,289 shares of the company’s stock, valued at approximately $94,960,519.98. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Latin America

Several large investors have recently modified their holdings of the business. Exchange Traded Concepts LLC boosted its position in shares of Liberty Latin America by 71.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,640 shares of the company’s stock worth $28,000 after buying an additional 1,515 shares during the period. Point72 Middle East FZE acquired a new position in shares of Liberty Latin America during the fourth quarter worth about $31,000. Captrust Financial Advisors boosted its position in shares of Liberty Latin America by 94.8% during the first quarter. Captrust Financial Advisors now owns 4,388 shares of the company’s stock worth $42,000 after buying an additional 2,135 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Liberty Latin America during the fourth quarter worth about $37,000. Finally, Bank of Montreal Can acquired a new position in shares of Liberty Latin America during the first quarter worth about $71,000. 56.96% of the stock is currently owned by institutional investors.

Liberty Latin America Company Profile

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Liberty Latin America Ltd. is a holding company, which engages in the provision of fixed, mobile, and subsea telecommunications services. It operates through the following segments: C and W Carribean, C and W Panama, Cand W Networks and LatAm, Liberty Puerto Rico, Liberty Costa Rica, and VTR. The company was founded in 2010 and is headquartered in Denver, CO.