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

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

Liberty Latin America Stock Performance

Shares of NASDAQ:LILA opened at $6.95 on Tuesday. Liberty Latin America has a 52 week low of $5.93 and a 52 week high of $10.81. The stock has a market capitalization of $1.37 billion, a P/E ratio of -2.08 and a beta of 1.03. The firm has a fifty day simple moving average of $6.65 and a two-hundred day simple moving average of $8.05. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 4.68.

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

Insider Activity

In other news, Director Brendan J. Paddick acquired 34,256 shares of Liberty Latin America stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $6.98 per share, for a total transaction of $239,106.88. Following the purchase, the director now directly owns 1,915,768 shares in the company, valued at $13,372,060.64. The trade was a 1.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders acquired 120,823 shares of company stock worth $794,142. 11.35% of the stock is currently owned by corporate insiders.

Institutional Trading of Liberty Latin America

Several large investors have recently made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new stake in shares of Liberty Latin America in the fourth quarter valued at about $37,000. EntryPoint Capital LLC acquired a new stake in shares of Liberty Latin America in the fourth quarter valued at about $69,000. Marshall Wace LLP acquired a new stake in shares of Liberty Latin America in the fourth quarter valued at about $77,000. Price T Rowe Associates Inc. MD raised its position in shares of Liberty Latin America by 12.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock valued at $80,000 after buying an additional 1,422 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in Liberty Latin America by 15.9% during the fourth quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock worth $93,000 after buying an additional 2,002 shares during the period. 18.48% of the stock is owned by hedge funds and other 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.