Liberty Latin America Ltd (NASDAQ:LILAK) shares shot up 5.6% during trading on Thursday . The stock traded as high as $10.01 and last traded at $9.98, 1,175,384 shares changed hands during trading. An increase of 18% from the average session volume of 998,093 shares. The stock had previously closed at $9.45.

Separately, Citigroup lowered their price objective on shares of Liberty Latin America from $18.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Liberty Latin America currently has an average rating of “Buy” and a consensus price target of $17.13.

The firm’s fifty day moving average price is $9.61 and its 200-day moving average price is $12.10.

Liberty Latin America (NASDAQ:LILAK) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.83). The firm had revenue of $931.00 million for the quarter.

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Liberty Latin America by 11.1% in the first quarter. Geode Capital Management LLC now owns 1,815,914 shares of the company’s stock worth $18,631,000 after purchasing an additional 181,949 shares during the last quarter. Wells Fargo & Company MN boosted its position in Liberty Latin America by 9.7% during the first quarter. Wells Fargo & Company MN now owns 105,159 shares of the company’s stock valued at $1,080,000 after acquiring an additional 9,316 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Liberty Latin America by 112.6% during the first quarter. JPMorgan Chase & Co. now owns 1,628,527 shares of the company’s stock valued at $16,710,000 after acquiring an additional 862,478 shares during the last quarter. Legal & General Group Plc boosted its position in Liberty Latin America by 10.7% during the first quarter. Legal & General Group Plc now owns 115,612 shares of the company’s stock valued at $1,187,000 after acquiring an additional 11,150 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its position in Liberty Latin America by 168.1% during the first quarter. Engineers Gate Manager LP now owns 32,975 shares of the company’s stock valued at $338,000 after acquiring an additional 20,676 shares during the last quarter. 62.55% of the stock is currently owned by institutional investors.

Liberty Latin America Company Profile (NASDAQ:LILAK)

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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