Liberty Latin America (NASDAQ:LILAK) PT Lowered to $15.00 at Pivotal Research

Liberty Latin America (NASDAQ:LILAK) had its target price decreased by Pivotal Research from $18.00 to $15.00 in a report released on Monday, Benzinga reports. Pivotal Research currently has a buy rating on the stock.

Several other research firms have also recently commented on LILAK. Scotiabank raised Liberty Latin America from a sector perform rating to a sector outperform rating and upped their price target for the company from $7.70 to $10.70 in a report on Monday, May 13th. StockNews.com upgraded Liberty Latin America from a hold rating to a buy rating in a research report on Wednesday, August 7th.

Liberty Latin America Trading Down 2.5 %

Shares of NASDAQ LILAK opened at $9.49 on Monday. The stock’s 50 day simple moving average is $9.46 and its 200 day simple moving average is $8.09. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -324.33 and a beta of 1.14. Liberty Latin America has a 12-month low of $5.95 and a 12-month high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The firm had revenue of $1.12 billion during the quarter.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 250,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were acquired at an average price of $8.85 per share, with a total value of $2,212,500.00. Following the completion of the transaction, the director now owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Dustin Henderson sold 5,906 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total value of $59,060.00. Following the completion of the transaction, the insider now directly owns 1,600 shares of the company’s stock, valued at approximately $16,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Brendan J. Paddick purchased 250,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was purchased at an average cost of $8.85 per share, with a total value of $2,212,500.00. Following the completion of the acquisition, the director now owns 886,108 shares in the company, valued at $7,842,055.80. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds have recently modified their holdings of the company. Algert Global LLC bought a new position in shares of Liberty Latin America in the second quarter worth approximately $126,000. The Manufacturers Life Insurance Company boosted its position in shares of Liberty Latin America by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company’s stock worth $685,000 after acquiring an additional 6,387 shares during the last quarter. Millennium Management LLC boosted its position in shares of Liberty Latin America by 305.1% during the second quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock worth $9,493,000 after acquiring an additional 743,197 shares during the last quarter. AQR Capital Management LLC lifted its position in Liberty Latin America by 77.9% during the second quarter. AQR Capital Management LLC now owns 243,788 shares of the company’s stock valued at $2,345,000 after purchasing an additional 106,721 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Liberty Latin America during the second quarter valued at $1,894,000. Hedge funds and other institutional investors own 52.98% 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.