Short Interest in Liberty Latin America Ltd (LILA) Drops By 25.0%
Liberty Latin America Ltd (NASDAQ:LILA) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 575,362 shares, a decrease of 25.0% from the February 15th total of 766,934 shares. Based on an average daily trading volume, of 548,014 shares, the short-interest ratio is presently 1.0 days. Currently, 1.3% of the shares of the stock are short sold.
Shares of LILA stock opened at $20.00 on Friday. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of -10.05 and a beta of 1.86. Liberty Latin America has a 52 week low of $13.96 and a 52 week high of $22.33.
Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Thursday, February 21st. The company reported ($1.63) EPS for the quarter, missing the consensus estimate of $0.07 by ($1.70). The business had revenue of $948.50 million for the quarter. As a group, equities analysts forecast that Liberty Latin America will post 0.56 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of Liberty Latin America by 9.7% during the 4th quarter. Geode Capital Management LLC now owns 507,830 shares of the company’s stock valued at $7,352,000 after buying an additional 45,067 shares in the last quarter. Norges Bank purchased a new stake in shares of Liberty Latin America during the 4th quarter valued at about $5,314,000. Dimensional Fund Advisors LP raised its position 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 valued at $15,626,000 after buying an additional 313,335 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Liberty Latin America during the 4th quarter valued at about $1,316,000. Finally, Legal & General Group Plc raised its position in shares of Liberty Latin America by 35.7% during the 4th quarter. Legal & General Group Plc now owns 23,905 shares of the company’s stock valued at $346,000 after buying an additional 6,289 shares in the last quarter. Institutional investors and hedge funds own 19.84% of the company’s stock.
Separately, Zacks Investment Research cut shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Liberty Latin America has an average rating of “Hold” and an average price target of $23.00.
About Liberty Latin America
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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