Barclays Lowers Liberty Latin America (NASDAQ:LILA) Price Target to $8.00

Liberty Latin America (NASDAQ:LILA) had its target price dropped by analysts at Barclays from $9.00 to $8.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential downside of 7.08% from the stock’s previous close.

Liberty Latin America Trading Up 4.9 %

Shares of NASDAQ LILA opened at $8.61 on Tuesday. The business has a 50 day simple moving average of $7.08 and a 200 day simple moving average of $6.98. Liberty Latin America has a 52 week low of $5.90 and a 52 week high of $9.85. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -33.12 and a beta of 1.12. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.13 and a current ratio of 1.13.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Tuesday, May 7th. The company reported ($0.30) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.16). Liberty Latin America had a negative return on equity of 2.26% and a negative net margin of 1.21%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm earned ($0.23) earnings per share. On average, research analysts predict that Liberty Latin America will post -0.64 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors have recently bought and sold shares of LILA. SG Americas Securities LLC bought a new position in shares of Liberty Latin America during the 3rd quarter worth about $132,000. Mackenzie Financial Corp boosted its holdings in 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 in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Liberty Latin America by 142.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 23,859 shares of the company’s stock valued at $195,000 after purchasing an additional 14,031 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of Liberty Latin America by 11.1% in the 3rd quarter. Panagora Asset Management Inc. now owns 422,678 shares of the company’s stock worth $3,449,000 after buying an additional 42,159 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Liberty Latin America by 55.9% in the 3rd quarter. Barclays PLC now owns 34,048 shares of the company’s stock worth $277,000 after buying an additional 12,203 shares in 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.