The Goldman Sachs Group Increases Liberty Latin America (NASDAQ:LILA) Price Target to $9.30

Liberty Latin America (NASDAQ:LILA) had its price objective hoisted by investment analysts at The Goldman Sachs Group from $8.40 to $9.30 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 7.76% from the company’s previous close.

Separately, Barclays lowered their target price on shares of Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, May 7th.

Liberty Latin America Stock Performance

Shares of NASDAQ LILA opened at $8.63 on Wednesday. Liberty Latin America has a 12 month low of $5.90 and a 12 month high of $9.85. The company has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $7.11. The company has a market cap of $1.70 billion, a PE ratio of -287.67 and a beta of 1.12. The company has a debt-to-equity ratio of 3.33, a current ratio of 1.12 and a quick ratio of 1.12.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). Liberty Latin America had a negative net margin of 0.12% and a negative return on equity of 0.23%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the previous year, the firm posted ($0.23) earnings per share. On average, equities analysts anticipate that Liberty Latin America will post -0.64 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Latin America news, major shareholder John C. Malone acquired 484,673 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of $6.72 per share, for a total transaction of $3,257,002.56. Following the completion of the purchase, the insider now directly owns 8,360,255 shares in the company, valued at $56,180,913.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Liberty Latin America news, major shareholder John C. Malone acquired 484,673 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of $6.72 per share, for a total transaction of $3,257,002.56. Following the completion of the purchase, the insider now directly owns 8,360,255 shares in the company, valued at $56,180,913.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul A. Gould acquired 200,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were acquired at an average price of $6.47 per share, with a total value of $1,294,000.00. Following the completion of the purchase, 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. Insiders acquired a total of 1,220,056 shares of company stock worth $8,247,512 over the last ninety days. 11.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Diversified Trust Co lifted its position in shares of Liberty Latin America by 9.5% during the fourth quarter. Diversified Trust Co now owns 21,538 shares of the company’s stock worth $157,000 after purchasing an additional 1,867 shares in the last quarter. Hosking Partners LLP lifted its position in shares of Liberty Latin America by 2.9% during the third quarter. Hosking Partners LLP now owns 93,438 shares of the company’s stock worth $762,000 after purchasing an additional 2,673 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Liberty Latin America by 23.6% during the fourth quarter. SG Americas Securities LLC now owns 20,001 shares of the company’s stock worth $146,000 after purchasing an additional 3,823 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Liberty Latin America by 38.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock worth $114,000 after purchasing an additional 4,322 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Liberty Latin America by 1.5% during the third 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. 18.48% of the stock is owned by institutional investors and hedge funds.

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.