Liberty Latin America (NASDAQ:LILA) Downgraded by The Goldman Sachs Group to “Hold”

Liberty Latin America (NASDAQ:LILA) was downgraded by The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

Several other research firms have also commented on LILA. Barclays reduced their price target on shares of 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. Scotiabank lowered Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th.

Liberty Latin America Stock Up 2.5 %

Shares of NASDAQ:LILA opened at $9.48 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 3.46. The business’s 50 day moving average is $9.65 and its 200 day moving average is $8.34. The stock has a market cap of $1.87 billion, a P/E ratio of -316.00 and a beta of 1.14. Liberty Latin America has a 52-week low of $5.90 and a 52-week high of $10.81.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the company posted $0.17 EPS. Sell-side analysts predict that Liberty Latin America will post -0.15 EPS for the current year.

Insider Buying and Selling

In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of Liberty Latin America stock in a transaction 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 transaction, the insider now directly owns 1,600 shares of the company’s stock, valued at $16,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Brendan J. Paddick acquired 250,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the acquisition, the director now directly owns 886,108 shares in the company, valued at approximately $7,842,055.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dustin Henderson sold 5,906 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total transaction of $59,060.00. Following the completion of the sale, the insider now owns 1,600 shares of the company’s stock, valued at $16,000. The disclosure for this sale can be found here. 11.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Liberty Latin America by 7.4% in the 2nd quarter. Principal Financial Group Inc. now owns 22,129 shares of the company’s stock valued at $213,000 after acquiring an additional 1,523 shares during the period. Mackenzie Financial Corp raised its stake in shares of Liberty Latin America by 0.9% in the second quarter. Mackenzie Financial Corp now owns 230,571 shares of the company’s stock worth $2,216,000 after purchasing an additional 2,007 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Liberty Latin America by 38.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock valued at $114,000 after buying an additional 4,322 shares during the last quarter. American Century Companies Inc. increased its holdings in Liberty Latin America by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 46,033 shares of the company’s stock worth $442,000 after buying an additional 5,499 shares during the period. Finally, TFO Wealth Partners LLC raised its position in Liberty Latin America by 17,797.6% during the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock worth $54,000 after buying an additional 7,297 shares during the last quarter. Institutional investors and hedge funds 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.