Liberty Latin America (NASDAQ:LILA) Trading Up 3.5% – Time to Buy?

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price was up 3.5% on Tuesday . The company traded as high as $6.93 and last traded at $6.89. Approximately 52,905 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 365,717 shares. The stock had previously closed at $6.66.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Liberty Latin America Stock Performance

The company has a 50-day moving average of $9.33 and a 200-day moving average of $9.24. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in Liberty Latin America in the 3rd quarter worth about $104,000. SG Americas Securities LLC purchased a new stake in shares of Liberty Latin America during the third quarter valued at approximately $120,000. Ground Swell Capital LLC bought a new stake in Liberty Latin America during the second quarter worth $122,000. BNP Paribas Financial Markets boosted its position in Liberty Latin America by 80.8% in the first quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after purchasing an additional 7,494 shares during the last quarter. Finally, XTX Topco Ltd grew its stake in Liberty Latin America by 78.2% in the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after purchasing an additional 9,045 shares during the period. Hedge funds and other institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

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.