Liberty Latin America (NASDAQ:LILA) Cut to “Underweight” at Barclays

Liberty Latin America (NASDAQ:LILA) was downgraded by analysts at Barclays from an “equal weight” rating to an “underweight” rating in a report issued on Tuesday, MarketBeat.com reports. They currently have a $6.50 price target on the stock, down from their previous price target of $8.00. Barclays‘s price objective suggests a potential downside of 6.47% from the company’s current price.

Liberty Latin America Trading Up 0.4 %

NASDAQ LILA opened at $6.95 on Tuesday. The firm has a 50 day simple moving average of $6.65 and a 200-day simple moving average of $8.05. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. Liberty Latin America has a one year low of $5.93 and a one year high of $10.81. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -2.08 and a beta of 1.03.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Equities research analysts anticipate that Liberty Latin America will post -0.22 EPS for the current fiscal year.

Insider Activity at Liberty Latin America

In related news, Director Brendan J. Paddick acquired 5,053 shares of the business’s stock in a transaction on Friday, November 29th. The shares were bought at an average price of $6.93 per share, with a total value of $35,017.29. Following the completion of the acquisition, the director now owns 1,343,021 shares in the company, valued at $9,307,135.53. This trade represents a 0.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 120,823 shares of company stock valued at $794,142 over the last 90 days. 11.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Latin America

Institutional investors have recently modified their holdings of the business. FMR LLC boosted its stake in shares of Liberty Latin America by 60,327.0% during the third quarter. FMR LLC now owns 2,160,869 shares of the company’s stock worth $20,701,000 after buying an additional 2,157,293 shares during the period. Hsbc Holdings PLC acquired a new stake in shares of Liberty Latin America during the fourth quarter worth about $2,526,000. Banco Santander S.A. boosted its stake in shares of Liberty Latin America by 47.8% during the third quarter. Banco Santander S.A. now owns 800,000 shares of the company’s stock worth $7,664,000 after buying an additional 258,631 shares during the period. UMB Bank n.a. boosted its stake in shares of Liberty Latin America by 2,129.7% during the fourth quarter. UMB Bank n.a. now owns 169,415 shares of the company’s stock worth $1,077,000 after buying an additional 161,817 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Liberty Latin America by 132.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 221,468 shares of the company’s stock worth $1,409,000 after buying an additional 126,383 shares during the period. 18.48% of the stock is 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.