UBS Group upgraded shares of Liberty Latin America (NASDAQ:LILA – Free Report) to a hold rating in a research note issued to investors on Thursday,Zacks reports.
A number of other research analysts also recently issued reports on LILA. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley lowered shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective on the stock. in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $10.00.
View Our Latest Stock Analysis on LILA
Liberty Latin America Price Performance
Liberty Latin America (NASDAQ:LILA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. As a group, equities research analysts expect that Liberty Latin America will post -0.47 earnings per share for the current year.
Insiders Place Their Bets
In other Liberty Latin America news, CEO Balan Nair bought 164,914 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $6.07 per share, with a total value of $1,001,027.98. Following the purchase, the chief executive officer directly owned 3,276,798 shares of the company’s stock, valued at approximately $19,890,163.86. The trade was a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Angoitia Alfonso De bought 313,104 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average cost of $20.95 per share, for a total transaction of $6,559,528.80. Following the purchase, the director directly owned 476,190 shares in the company, valued at $9,976,180.50. This represents a 191.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 3,283,155 shares of company stock valued at $28,785,777. Corporate insiders own 6.25% of the company’s stock.
Institutional Investors Weigh In On Liberty Latin America
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rubric Capital Management LP grew its position in Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after buying an additional 1,806,935 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Liberty Latin America by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,445,768 shares of the company’s stock worth $18,074,000 after buying an additional 78,234 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after acquiring an additional 484,016 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after acquiring an additional 715,641 shares during the period. Finally, Fourth Sail Capital LP boosted its holdings in shares of Liberty Latin America by 21.5% in the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after acquiring an additional 160,981 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors.
About Liberty Latin America
Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.
Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.
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