Liberty Latin America (NASDAQ:LILA) Upgraded at BidaskClub

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BidaskClub upgraded shares of Liberty Latin America (NASDAQ:LILA) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, BidAskClub reports.

LILA has been the topic of several other reports. Zacks Investment Research raised shares of Liberty Latin America from a sell rating to a hold rating in a research note on Wednesday, August 7th. ValuEngine lowered shares of Liberty Latin America from a buy rating to a hold rating in a research note on Wednesday, September 4th. TheStreet lowered shares of Liberty Latin America from a c rating to a d+ rating in a research note on Tuesday, August 6th. Finally, Benchmark initiated coverage on shares of Liberty Latin America in a research report on Thursday, July 25th. They set a buy rating and a $26.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $25.00.

LILA stock opened at $18.53 on Thursday. The company’s 50-day simple moving average is $16.33 and its 200-day simple moving average is $18.25. Liberty Latin America has a 52-week low of $13.96 and a 52-week high of $22.20.

In other Liberty Latin America news, insider Balan Nair acquired 14,500 shares of the business’s stock in a transaction on Thursday, June 27th. The stock was bought at an average price of $17.22 per share, for a total transaction of $249,690.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Eric Louis Zinterhofer acquired 100,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $17.00 per share, with a total value of $1,700,000.00. In the last 90 days, insiders have purchased 1,425,597 shares of company stock valued at $24,664,005. Insiders own 13.82% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Liberty Latin America by 1.2% in the 2nd quarter. BlackRock Inc. now owns 3,069,384 shares of the company’s stock valued at $52,885,000 after acquiring an additional 35,799 shares during the last quarter. PenderFund Capital Management Ltd. raised its holdings in Liberty Latin America by 586.9% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the company’s stock valued at $2,254,000 after acquiring an additional 1,708,853 shares during the last quarter. S&CO Inc. raised its holdings in Liberty Latin America by 4.6% in the 2nd quarter. S&CO Inc. now owns 1,105,719 shares of the company’s stock valued at $19,052,000 after acquiring an additional 48,255 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Latin America by 40.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,079,141 shares of the company’s stock worth $15,626,000 after buying an additional 313,335 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in shares of Liberty Latin America during the 2nd quarter worth approximately $17,156,000. Institutional investors own 18.89% of the company’s stock.

Liberty Latin America Company Profile

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.

Further Reading: Why do analysts give a neutral rating?

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