Liberty Latin America (NASDAQ:LILA) Price Target Cut to $8.00 by Analysts at Barclays

Liberty Latin America (NASDAQ:LILA) had its price objective reduced by Barclays from $9.00 to $8.00 in a research report released on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Liberty Latin America Stock Performance

Shares of LILA opened at $8.21 on Tuesday. The firm has a market capitalization of $1.68 billion, a PE ratio of -31.58 and a beta of 1.12. 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 firm has a 50-day moving average price of $7.03 and a 200 day moving average price of $6.96. Liberty Latin America has a 52-week low of $5.90 and a 52-week high of $9.85.

Liberty Latin America (NASDAQ:LILA) last posted 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 company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.17 billion. On average, sell-side analysts anticipate that Liberty Latin America will post -0.64 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder John C. Malone acquired 35,780 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was acquired at an average price of $6.43 per share, for a total transaction of $230,065.40. Following the completion of the acquisition, the insider now directly owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In other Liberty Latin America news, major shareholder John C. Malone bought 35,780 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of $6.43 per share, for a total transaction of $230,065.40. Following the acquisition, the insider now directly owns 7,402,498 shares of the company’s stock, valued at $47,598,062.14. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $6.76, for a total transaction of $187,326.36. Following the sale, 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 ninety days, insiders have bought 1,220,056 shares of company stock worth $8,247,512. 11.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds have recently modified their holdings of LILA. Mackenzie Financial Corp lifted its holdings in shares of Liberty Latin America by 0.6% during the third quarter. Mackenzie Financial Corp now owns 267,417 shares of the company’s stock valued at $2,056,000 after purchasing an additional 1,588 shares during the last quarter. Diversified Trust Co lifted its stake in Liberty Latin America by 9.5% during the fourth quarter. Diversified Trust Co now owns 21,538 shares of the company’s stock valued at $157,000 after buying an additional 1,867 shares in the last quarter. Hosking Partners LLP lifted its stake in Liberty Latin America by 2.9% during the third quarter. Hosking Partners LLP now owns 93,438 shares of the company’s stock valued at $762,000 after buying an additional 2,673 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Liberty Latin America by 23.6% in the fourth quarter. SG Americas Securities LLC now owns 20,001 shares of the company’s stock worth $146,000 after buying an additional 3,823 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Liberty Latin America by 38.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock worth $114,000 after acquiring an additional 4,322 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.