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

Barclays downgraded shares of Liberty Latin America (NASDAQ:LILA) from an equal weight rating to an underweight rating in a report issued on Tuesday, Marketbeat Ratings reports. Barclays currently has $6.50 price objective on the stock, down from their previous price objective of $8.00.

Liberty Latin America Stock Down 3.3 %

Liberty Latin America stock opened at $6.71 on Tuesday. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.01 and a beta of 1.03. The firm’s fifty day moving average price is $6.66 and its two-hundred day moving average price is $8.03. Liberty Latin America has a 1-year low of $5.94 and a 1-year high of $10.82. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share for the quarter. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. On average, equities research analysts predict that Liberty Latin America will post -0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Latin America

In other news, Director Brendan J. Paddick bought 31,514 shares of the stock in a transaction dated Wednesday, December 4th. The stock was bought at an average price of $6.71 per share, for a total transaction of $211,458.94. Following the completion of the acquisition, the director now directly owns 1,940,094 shares in the company, valued at approximately $13,018,030.74. This trade represents a 1.65 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have purchased 115,770 shares of company stock worth $759,125. Corporate insiders own 11.35% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of Liberty Latin America in the fourth quarter valued at approximately $37,000. EntryPoint Capital LLC bought a new position in Liberty Latin America in the 4th quarter valued at $69,000. Marshall Wace LLP bought a new position in Liberty Latin America in the 4th quarter valued at $77,000. Price T Rowe Associates Inc. MD increased its position in shares of Liberty Latin America by 12.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock valued at $80,000 after purchasing an additional 1,422 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Liberty Latin America by 15.9% during the 4th quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock worth $93,000 after purchasing an additional 2,002 shares during the period. 18.48% of the stock is owned by institutional investors.

About Liberty Latin America

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.