Liberty Latin America (NASDAQ:LILA) Given New $8.00 Price Target at Barclays

Liberty Latin America (NASDAQ:LILA) had its price objective lowered by Barclays from $9.00 to $8.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

Liberty Latin America Stock Up 0.9 %

LILA opened at $8.21 on Tuesday. Liberty Latin America has a 52 week low of $5.90 and a 52 week high of $9.85. The business has a 50 day moving average price of $7.03 and a two-hundred day moving average price of $6.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.29. The company has a market cap of $1.68 billion, a PE ratio of -31.58 and a beta of 1.12.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. As a group, research analysts anticipate that Liberty Latin America will post -0.64 EPS for the current year.

Insider Buying and Selling at Liberty Latin America

In other news, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $6.76, for a total transaction of $187,326.36. Following the completion of the transaction, the chief accounting officer now directly owns 34,798 shares of the company’s stock, valued at approximately $235,234.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, major shareholder John C. Malone acquired 484,673 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the completion of the acquisition, the insider now owns 8,360,255 shares in the company, valued at $56,180,913.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $6.76, for a total transaction of $187,326.36. Following the completion of the transaction, the chief accounting officer now directly owns 34,798 shares of the company’s stock, valued at $235,234.48. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,220,056 shares of company stock valued at $8,247,512. 11.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently modified their holdings of LILA. DekaBank Deutsche Girozentrale purchased a new stake in Liberty Latin America during the fourth quarter worth $38,000. TFO Wealth Partners LLC boosted its position in shares of Liberty Latin America by 17,797.6% in the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock worth $54,000 after buying an additional 7,297 shares in the last quarter. Cullen Investment Group LTD. acquired a new stake in Liberty Latin America in the 4th quarter valued at about $86,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Liberty Latin America by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock valued at $114,000 after acquiring an additional 4,322 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in Liberty Latin America by 80.8% during the first quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after acquiring an additional 7,494 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Liberty Latin America Company Profile

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.