Liberty Latin America (NASDAQ:LILA) Price Target Raised to $9.30

Liberty Latin America (NASDAQ:LILA) had its target price raised by The Goldman Sachs Group from $8.40 to $9.30 in a report published on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Separately, Barclays decreased their price target on Liberty Latin America from $9.00 to $8.00 and set an equal weight rating on the stock in a research note on Tuesday, May 7th.

Liberty Latin America Stock Down 1.0 %

Shares of Liberty Latin America stock opened at $8.54 on Wednesday. Liberty Latin America has a one year low of $5.90 and a one year high of $9.85. The company has a market cap of $1.68 billion, a P/E ratio of -284.57 and a beta of 1.12. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a fifty day moving average of $7.62 and a two-hundred day moving average of $7.12.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly 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 return on equity of 0.23% and a negative net margin of 0.12%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm earned ($0.23) earnings per share. On average, analysts forecast that Liberty Latin America will post -0.64 earnings per share for the current year.

Insider Buying and Selling at Liberty Latin America

In other news, major shareholder John C. Malone acquired 35,780 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average cost of $6.43 per share, with a total value of $230,065.40. Following the completion of the acquisition, the insider now owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Liberty Latin America news, major shareholder John C. Malone bought 35,780 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was bought at an average price of $6.43 per share, for a total transaction of $230,065.40. Following the completion of the transaction, the insider now owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John C. Malone purchased 106,900 shares of the stock in a transaction dated Thursday, March 28th. The stock was acquired at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the completion of the transaction, the insider now directly owns 8,827,614 shares of the company’s stock, valued at $61,705,021.86. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 1,220,056 shares of company stock valued at $8,247,512. Corporate insiders own 11.35% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

A number of institutional investors have recently made changes to their positions in LILA. Wittenberg Investment Management Inc. boosted its position in Liberty Latin America by 15.8% during the first quarter. Wittenberg Investment Management Inc. now owns 922,471 shares of the company’s stock worth $6,430,000 after acquiring an additional 125,639 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Liberty Latin America by 21.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 465,241 shares of the company’s stock worth $3,243,000 after purchasing an additional 81,627 shares during the period. Bailard Inc. acquired a new stake in shares of Liberty Latin America during the fourth quarter worth $523,000. GSA Capital Partners LLP grew its position in shares of Liberty Latin America by 80.1% in the first quarter. GSA Capital Partners LLP now owns 150,965 shares of the company’s stock valued at $1,052,000 after purchasing an additional 67,123 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in Liberty Latin America by 83.3% in the fourth quarter. Teacher Retirement System of Texas now owns 81,513 shares of the company’s stock valued at $596,000 after purchasing an additional 37,038 shares during 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.