Liberty Latin America (NASDAQ:LILAK) Stock Price Down 3.6% Following Analyst Downgrade

Liberty Latin America Ltd. (NASDAQ:LILAK)’s share price traded down 3.6% during mid-day trading on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $10.50 to $7.50. The Goldman Sachs Group currently has a neutral rating on the stock. Liberty Latin America traded as low as $6.66 and last traded at $6.70. 232,127 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 996,576 shares. The stock had previously closed at $6.95.

LILAK has been the subject of a number of other research reports. Pivotal Research cut their target price on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Scotiabank cut their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Finally, StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Insider Activity

In other Liberty Latin America news, Director Brendan J. Paddick acquired 35,475 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of $7.04 per share, with a total value of $249,744.00. Following the purchase, the director now directly owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. This represents a 2.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders bought 106,298 shares of company stock worth $735,327. 9.66% of the stock is currently owned by insiders.

Institutional Trading of Liberty Latin America

Several hedge funds have recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Liberty Latin America by 29.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock valued at $132,000 after buying an additional 3,150 shares during the period. Principal Financial Group Inc. increased its position in Liberty Latin America by 6.7% during the second quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock valued at $638,000 after acquiring an additional 4,180 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Liberty Latin America by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock valued at $770,000 after acquiring an additional 4,487 shares during the period. nVerses Capital LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter worth about $55,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Liberty Latin America by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company’s stock worth $685,000 after purchasing an additional 6,387 shares during the period. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Price Performance

The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $1.34 billion, a P/E ratio of -2.32 and a beta of 1.04. The firm’s fifty day moving average is $8.54 and its 200 day moving average is $9.08.

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.