Liberty Latin America Ltd. (NASDAQ:LILA – Get Rating) benefited from a sharp rise in short-term interest rates in May. As of May 15, there was short interest totaling 497,600 shares, an increase of 25.2% from the total of 397,300 shares as of April 30. Based on an average daily volume of 287,800 shares, the short interest rate is currently 1.7 days. Currently, 1.2% of the company’s shares are sold short.
Separately, TheStreet reduced shares of Liberty Latin America from a “c-” rating to a “d” rating in a Thursday, March 24 research report.
Separately, SVP Aamir Hussain acquired 10,000 shares of the company in a transaction on Tuesday, May 24. The stock was purchased at an average cost of $8.99 per share, with a total value of $89,900.00. Following the transaction, the senior vice president now directly owns 10,000 shares of the company, valued at approximately $89,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, SVP John M. Winter sold 40,000 shares of the company in a trade dated Monday, March 28. The shares were sold at an average price of $9.84, for a total transaction of $393,600.00. The disclosure of this sale can be found here. In the past ninety days, insiders have purchased 1,144,302 shares of the company valued at $9,289,089. 4.68% of the shares are held by insiders.
A number of institutional investors and hedge funds have recently increased or reduced their stake in LILA. Norges Bank acquired a new stake in Liberty Latin America during the fourth quarter worth approximately $4,399,000. Renaissance Technologies LLC acquired a new stake in Liberty Latin America during the first quarter valued at approximately $2,265,000. Mackenzie Financial Corp increased its stake in Liberty Latin America by 1,445.0% during the fourth quarter. Mackenzie Financial Corp now owns 246,784 shares of the company worth $2,878,000 after acquiring an additional 230,811 shares during the period. S&CO Inc. increased its stake in Liberty Latin America by 9.1% during the fourth quarter. S&CO Inc. now owns 2,379,884 shares of the company worth $27,749,000 after acquiring an additional 198,955 shares during the period. Finally, Prudential Financial Inc. increased its stake in Liberty Latin America shares to 93.6% in the first quarter. Prudential Financial Inc. now owns 366,780 shares of the company valued at $3,558,000 after purchasing an additional 177,300 shares during the period. Hedge funds and other institutional investors own 18.19% of the company’s shares.
LILA opened at $9.51 on Wednesday. Liberty Latin America has a fifty-two week low of $7.79 and a fifty-two week high of $14.79. The company’s 50-day moving average price is $9.73 and its 200-day moving average price is $10.62.
Liberty Latin America (NASDAQ:LILA – Get Rating) last released its quarterly earnings data on Wednesday, May 4. The company reported earnings per share of $0.36 for the quarter, beating the consensus estimate of $0.12 by $0.24. In the same quarter last year, the company posted EPS of $0.37. Sell-side analysts expect Liberty Latin America to post earnings per share of 0.68 for the current fiscal year.
About Liberty Latin America (Get a rating)
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile and submarine telecommunications services. The Company operates through the C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR and Costa Rica segments. It offers communication and entertainment services, including video, high-speed Internet, fixed and mobile telephony services to residential and business customers; and commercial products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium-sized businesses, international enterprises, and government agencies .
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