Liberty Latin America (NASDAQ:LILAK) Hits New 12-Month High at $10.54

Liberty Latin America Ltd. (NASDAQ:LILAK)’s share price reached a new 52-week high on Tuesday . The company traded as high as $10.54 and last traded at $10.47, with a volume of 1176264 shares changing hands. The stock had previously closed at $10.28.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Scotiabank raised shares of Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $7.70 to $10.70 in a research note on Monday, May 13th. Pivotal Research boosted their price target on Liberty Latin America from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 10th.

Liberty Latin America Price Performance

The company has a market cap of $2.07 billion, a price-to-earnings ratio of -348.88 and a beta of 1.14. The firm has a fifty day simple moving average of $9.20 and a 200 day simple moving average of $7.87.

Insider Buying and Selling

In other news, Director Brendan J. Paddick bought 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the acquisition, the director now directly owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Liberty Latin America news, Director Brendan J. Paddick purchased 150,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were bought at an average cost of $9.10 per share, with a total value of $1,365,000.00. Following the transaction, the director now directly owns 1,036,108 shares in the company, valued at approximately $9,428,582.80. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Brendan J. Paddick acquired 250,000 shares of Liberty Latin America stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost of $8.85 per share, with a total value of $2,212,500.00. Following the completion of the transaction, the director now directly owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The disclosure for this purchase can be found here. 9.66% of the stock is owned by insiders.

Institutional Trading of Liberty Latin America

A number of hedge funds have recently bought and sold shares of the stock. Bfsg LLC bought a new stake in shares of Liberty Latin America in the 4th quarter worth approximately $41,000. Headlands Technologies LLC bought a new position in Liberty Latin America in the first quarter worth $41,000. Allspring Global Investments Holdings LLC acquired a new stake in Liberty Latin America during the first quarter worth $44,000. Hartline Investment Corp bought a new stake in Liberty Latin America in the 1st quarter valued at $74,000. Finally, Paloma Partners Management Co bought a new stake in Liberty Latin America in the 1st quarter valued at $75,000. 52.98% of the stock is owned by institutional investors.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles 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.