Liberty Latin America (NASDAQ:LILA – Get Free Report) was upgraded by analysts at UBS Group to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.
A number of other analysts have also weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley lowered shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Liberty Latin America presently has an average rating of “Reduce” and an average price target of $10.00.
Read Our Latest Analysis on LILA
Liberty Latin America Stock Down 2.9%
Shares of NASDAQ LILA opened at $8.52 on Thursday. Liberty Latin America has a 52 week low of $4.77 and a 52 week high of $9.04. The business has a 50-day simple moving average of $8.08 and a two-hundred day simple moving average of $7.90. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The company has a market cap of $1.67 billion, a P/E ratio of -17.39 and a beta of 0.74.
Liberty Latin America (NASDAQ:LILA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Research analysts anticipate that Liberty Latin America will post -0.47 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director John Malone acquired 1,319,181 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average cost of $4.98 per share, for a total transaction of $6,569,521.38. Following the completion of the transaction, the director owned 21,397,127 shares in the company, valued at approximately $106,557,692.46. This trade represents a 6.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Angoitia Alfonso De bought 313,104 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average cost of $20.95 per share, for a total transaction of $6,559,528.80. Following the completion of the purchase, the director directly owned 476,190 shares of the company’s stock, valued at $9,976,180.50. This represents a 191.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 3,283,155 shares of company stock worth $28,785,777 over the last three months. Company insiders own 6.25% of the company’s stock.
Institutional Trading of Liberty Latin America
A number of hedge funds have recently made changes to their positions in LILA. AQR Capital Management LLC purchased a new position in Liberty Latin America in the first quarter worth $104,000. Empowered Funds LLC raised its position in Liberty Latin America by 7.3% during the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock valued at $1,359,000 after purchasing an additional 14,547 shares in the last quarter. Jane Street Group LLC raised its position in Liberty Latin America by 230.6% during the first quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after purchasing an additional 34,640 shares in the last quarter. Strs Ohio bought a new stake in Liberty Latin America during the first quarter worth about $34,000. Finally, Geode Capital Management LLC lifted its stake in Liberty Latin America by 12.2% during the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock worth $4,042,000 after purchasing an additional 71,873 shares during the last quarter. 18.48% of the stock is owned by institutional investors.
About Liberty Latin America
Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.
Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.
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