Liberty Latin America (NASDAQ:LILAK) Price Target Raised to $18.00 at Pivotal Research

Liberty Latin America (NASDAQ:LILAK) had its price target upped by investment analysts at Pivotal Research from $17.00 to $18.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Pivotal Research’s price objective would suggest a potential upside of 107.13% from the stock’s current price.

Separately, StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Friday, March 8th.

Liberty Latin America Stock Up 1.0 %

Shares of Liberty Latin America stock opened at $8.69 on Friday. The firm has a market cap of $1.78 billion, a PE ratio of -33.42 and a beta of 1.11. Liberty Latin America has a fifty-two week low of $5.95 and a fifty-two week high of $9.73. The business’s fifty day moving average is $7.14 and its two-hundred day moving average is $7.03.

Liberty Latin America (NASDAQ:LILAK) last released its earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share for the quarter. The company had revenue of $1.16 billion during the quarter.

Insiders Place Their Bets

In other Liberty Latin America news, major shareholder John C. Malone acquired 484,673 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the transaction, the insider now directly owns 8,360,255 shares in the company, valued at $56,180,913.60. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder John C. Malone acquired 484,673 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was purchased at an average cost of $6.72 per share, for a total transaction of $3,257,002.56. Following the purchase, the insider now directly owns 8,360,255 shares in the company, valued at $56,180,913.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John C. Malone bought 106,900 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was bought at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the completion of the purchase, the insider now directly owns 8,827,614 shares of the company’s stock, valued at approximately $61,705,021.86. The disclosure for this purchase can be found here. Insiders acquired a total of 1,220,056 shares of company stock valued at $8,247,512 over the last 90 days. 9.66% of the stock is owned by company insiders.

Institutional Trading of Liberty Latin America

Several large investors have recently added to or reduced their stakes in LILAK. Bfsg LLC bought a new stake in Liberty Latin America in the fourth quarter worth about $41,000. Headlands Technologies LLC acquired a new stake in shares of Liberty Latin America during the first quarter worth $41,000. Federated Hermes Inc. lifted its holdings in shares of Liberty Latin America by 543.7% during the third quarter. Federated Hermes Inc. now owns 5,111 shares of the company’s stock valued at $42,000 after purchasing an additional 4,317 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Liberty Latin America in the 1st quarter valued at $44,000. Finally, Hartline Investment Corp acquired a new stake in Liberty Latin America during the 1st quarter worth about $74,000. 52.98% of the stock is currently 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.