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

Liberty Latin America (NASDAQ:LILA) had its price target cut by research 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 indicates a potential downside of 7.08% from the company’s current price.

Liberty Latin America Stock Up 4.9 %

Shares of LILA stock opened at $8.61 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. Liberty Latin America has a 12 month low of $5.90 and a 12 month high of $9.85. The stock has a market cap of $1.77 billion, a P/E ratio of -33.12 and a beta of 1.12. The company has a 50 day simple moving average of $7.08 and a two-hundred day simple moving average of $6.98.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.16). 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 $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm posted ($0.23) earnings per share. On average, research analysts expect that Liberty Latin America will post -0.64 earnings per share for the current year.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, CAO Brian D. Zook sold 27,711 shares of the firm’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 transaction of $187,326.36. Following the sale, the chief accounting officer now owns 34,798 shares in the company, valued at approximately $235,234.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Liberty Latin America news, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $6.76, for a total value of $187,326.36. Following the completion of the sale, the chief accounting officer now owns 34,798 shares in the company, valued at approximately $235,234.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul A. Gould purchased 200,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were acquired at an average cost of $6.47 per share, for a total transaction of $1,294,000.00. Following the completion of the acquisition, the director now owns 445,916 shares of the company’s stock, valued at $2,885,076.52. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,220,056 shares of company stock worth $8,247,512. 11.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LILA. Wittenberg Investment Management Inc. raised its position in shares of Liberty Latin America by 15.8% during the first quarter. Wittenberg Investment Management Inc. now owns 922,471 shares of the company’s stock valued at $6,430,000 after buying an additional 125,639 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in Liberty Latin America by 3.6% in the 4th quarter. Panagora Asset Management Inc. now owns 438,094 shares of the company’s stock valued at $3,202,000 after acquiring an additional 15,416 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Liberty Latin America by 1.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 343,950 shares of the company’s stock worth $2,807,000 after purchasing an additional 5,248 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Liberty Latin America by 0.6% during the 3rd 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. Finally, Empowered Funds LLC boosted its holdings in shares of Liberty Latin America by 8.1% during the 1st quarter. Empowered Funds LLC now owns 167,855 shares of the company’s stock valued at $1,170,000 after purchasing an additional 12,600 shares during the last quarter. 18.48% of the stock is currently owned by institutional investors.

About Liberty Latin America

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.