Liberty Latin America (NASDAQ:LILA) Price Target Increased to $9.30 by Analysts at The Goldman Sachs Group

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

Separately, Barclays lowered their target price on 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 Price Performance

LILA opened at $8.55 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.33. Liberty Latin America has a 12 month low of $5.90 and a 12 month high of $9.85. The company has a fifty day simple moving average of $7.52 and a 200 day simple moving average of $7.10. The stock has a market cap of $1.69 billion, a P/E ratio of -284.91 and a beta of 1.12.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.30) 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company earned ($0.23) EPS. On average, research analysts expect that Liberty Latin America will post -0.64 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder John C. Malone bought 106,900 shares of the stock in a transaction on Thursday, March 28th. The stock was purchased at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the acquisition, the insider now owns 8,827,614 shares in the company, valued at $61,705,021.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder John C. Malone acquired 342,703 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of $6.96 per share, for a total transaction of $2,385,212.88. Following the acquisition, the insider now directly owns 8,702,958 shares of the company’s stock, valued at $60,572,587.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder John C. Malone acquired 106,900 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was bought at an average price of $6.99 per share, with a total value of $747,231.00. Following the acquisition, the insider now directly owns 8,827,614 shares in the company, valued at $61,705,021.86. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,220,056 shares of company stock worth $8,247,512. Corporate insiders own 11.35% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds have recently modified their holdings of LILA. DekaBank Deutsche Girozentrale bought a new position in shares of Liberty Latin America in the 4th quarter valued at about $38,000. TFO Wealth Partners LLC lifted its stake in Liberty Latin America by 17,797.6% in the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after purchasing an additional 7,297 shares during the last quarter. Cullen Investment Group LTD. acquired a new stake in Liberty Latin America in the 4th quarter valued at about $86,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Liberty Latin America by 38.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock valued at $114,000 after purchasing an additional 4,322 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Liberty Latin America by 80.8% in the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock valued at $117,000 after purchasing an additional 7,494 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

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.