Liberty Latin America (NASDAQ:LILAK) had its price objective lowered by Citigroup from $23.00 to $20.00 in a research report released on Friday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.
A number of other equities analysts have also weighed in on LILAK. TheStreet lowered Liberty Latin America from a c rating to a d+ rating in a research note on Tuesday, August 6th. BidaskClub upgraded Liberty Latin America from a sell rating to a hold rating in a research note on Thursday, September 12th.
LILAK traded up $0.24 during trading on Friday, reaching $16.89. 408,582 shares of the company were exchanged, compared to its average volume of 590,729. The company’s 50-day moving average is $16.91 and its two-hundred day moving average is $18.03. Liberty Latin America has a 12-month low of $13.96 and a 12-month high of $21.93.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Gravity Wealth Inc. increased its stake in Liberty Latin America by 302.9% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 2,647 shares of the company’s stock worth $46,000 after acquiring an additional 1,990 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Liberty Latin America in the 2nd quarter worth about $177,000. HighTower Advisors LLC bought a new position in Liberty Latin America in the 2nd quarter worth about $225,000. Balyasny Asset Management LLC bought a new position in Liberty Latin America in the 2nd quarter worth about $317,000. Finally, Atria Investments LLC bought a new position in Liberty Latin America in the 2nd quarter worth about $320,000. Institutional investors and hedge funds own 60.65% of the company’s stock.
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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