Liberty Latin America (NASDAQ:LILAK) Shares Down 7.9%

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Shares of Liberty Latin America Ltd (NASDAQ:LILAK) were down 7.9% during trading on Friday . The company traded as low as $15.27 and last traded at $15.29, approximately 741,222 shares traded hands during trading. An increase of 23% from the average daily volume of 601,814 shares. The stock had previously closed at $16.61.

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

The stock’s fifty day simple moving average is $16.51 and its 200 day simple moving average is $18.43.

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers increased its stake in shares of Liberty Latin America by 0.5% in the first quarter. Rhumbline Advisers now owns 162,402 shares of the company’s stock worth $3,159,000 after purchasing an additional 768 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Liberty Latin America by 0.6% in the first quarter. First Trust Advisors LP now owns 151,906 shares of the company’s stock worth $2,955,000 after purchasing an additional 847 shares in the last quarter. Strs Ohio increased its stake in shares of Liberty Latin America by 86.7% in the first quarter. Strs Ohio now owns 2,800 shares of the company’s stock worth $54,000 after purchasing an additional 1,300 shares in the last quarter. Financial Gravity Wealth Inc. increased its stake in shares of Liberty Latin America by 302.9% in 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. Finally, Academy Capital Management Inc. TX increased its stake in shares of Liberty Latin America by 1.0% in the first quarter. Academy Capital Management Inc. TX now owns 254,656 shares of the company’s stock worth $4,953,000 after purchasing an additional 2,500 shares in the last quarter. 58.46% of the stock is owned by institutional investors and hedge funds.

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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