Liberty Latin America (NASDAQ:LILAK) Receives Neutral Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Liberty Latin America (NASDAQ:LILAK) in a report released on Wednesday morning, MarketBeat Ratings reports. They currently have a $10.50 price objective on the stock, up from their previous price objective of $9.30.

LILAK has been the subject of several other research reports. Pivotal Research cut their price target on Liberty Latin America from $18.00 to $15.00 and set a buy rating for the company in a research note on Monday, August 12th. StockNews.com lowered Liberty Latin America from a buy rating to a hold rating in a research note on Thursday, August 15th. Finally, Scotiabank upgraded Liberty Latin America from a sector perform rating to a sector outperform rating and lifted their price target for the company from $7.70 to $10.70 in a research note on Monday, May 13th.

Liberty Latin America Stock Down 1.1 %

Shares of Liberty Latin America stock opened at $9.38 on Wednesday. Liberty Latin America has a twelve month low of $5.95 and a twelve month high of $10.93. The business has a 50-day moving average price of $9.69 and a 200 day moving average price of $8.40. The firm has a market cap of $1.85 billion, a PE ratio of -312.67 and a beta of 1.14.

Liberty Latin America (NASDAQ:LILAK) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.14). The company had revenue of $1.12 billion during the quarter.

Insiders Place Their Bets

In related news, Director Brendan J. Paddick purchased 250,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the transaction, the director now directly owns 886,108 shares of the company’s stock, valued at $7,842,055.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Brendan J. Paddick purchased 150,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was acquired at an average cost of $9.10 per share, for a total transaction of $1,365,000.00. Following the completion of the transaction, the director now directly owns 1,036,108 shares of the company’s stock, valued at $9,428,582.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Brendan J. Paddick acquired 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the acquisition, the director now directly owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The disclosure for this purchase can be found here. 9.66% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in Liberty Latin America during the first quarter worth $41,000. Allspring Global Investments Holdings LLC acquired a new position in Liberty Latin America during the first quarter worth $44,000. Hartline Investment Corp acquired a new position in Liberty Latin America during the first quarter worth $74,000. Paloma Partners Management Co acquired a new position in Liberty Latin America during the first quarter worth $75,000. Finally, TFO Wealth Partners LLC lifted its stake in Liberty Latin America by 26,514.3% during the fourth quarter. TFO Wealth Partners LLC now owns 13,041 shares of the company’s stock worth $96,000 after purchasing an additional 12,992 shares in the last quarter. 52.98% 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.