Liberty Latin America (NASDAQ:LILAK) Price Target Lowered to $7.50 at The Goldman Sachs Group

Liberty Latin America (NASDAQ:LILAK) had its target price dropped by investment analysts at The Goldman Sachs Group from $10.50 to $7.50 in a report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 7.91% from the stock’s previous close.

Several other research firms have also weighed in on LILAK. StockNews.com lowered Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Scotiabank decreased their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a report on Friday, November 8th. Finally, Pivotal Research cut their target price on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th.

Liberty Latin America Stock Down 1.1 %

Shares of Liberty Latin America stock opened at $6.95 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America has a 12 month low of $5.95 and a 12 month high of $10.93. The business has a fifty day simple moving average of $8.65 and a 200 day simple moving average of $9.11. The stock has a market cap of $1.37 billion, a PE ratio of -2.37 and a beta of 1.04.

Insider Transactions at Liberty Latin America

In related news, Director Brendan J. Paddick purchased 5,053 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the completion of the transaction, the director now owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. This trade represents a 0.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LILAK. nVerses Capital LLC bought a new position in Liberty Latin America in the third quarter valued at about $55,000. Quantinno Capital Management LP bought a new stake in shares of Liberty Latin America during the third quarter worth about $125,000. Algert Global LLC bought a new stake in shares of Liberty Latin America during the second quarter worth about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Liberty Latin America by 29.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after purchasing an additional 3,150 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Liberty Latin America during the third quarter worth about $187,000. Institutional investors own 52.98% 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.