Barclays Downgrades Liberty Latin America (NASDAQ:LILA) to Underweight

Liberty Latin America (NASDAQ:LILA) was downgraded by equities researchers at Barclays from an “equal weight” rating to an “underweight” rating in a research note issued 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 target indicates a potential downside of 6.14% from the company’s current price.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $6.93 on Tuesday. Liberty Latin America has a 52 week low of $5.94 and a 52 week high of $10.82. The company has a 50 day moving average price of $6.66 and a 200 day moving average price of $8.03. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 4.68. The firm has a market capitalization of $1.36 billion, a P/E ratio of -2.07 and a beta of 1.03.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. Sell-side analysts expect that Liberty Latin America will post -0.22 EPS for the current year.

Insider Transactions at Liberty Latin America

In related news, Director Brendan J. Paddick purchased 5,053 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average price of $6.93 per share, with a total value of $35,017.29. Following the purchase, the director now owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. The trade was a 0.38 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 120,823 shares of company stock valued at $794,142 in the last 90 days. 11.35% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Latin America

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in Liberty Latin America by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,454,942 shares of the company’s stock valued at $15,613,000 after purchasing an additional 24,752 shares in the last quarter. FMR LLC raised its holdings in shares of Liberty Latin America by 60,327.0% during the 3rd quarter. FMR LLC now owns 2,160,869 shares of the company’s stock worth $20,701,000 after acquiring an additional 2,157,293 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Liberty Latin America by 3.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 1,056,713 shares of the company’s stock worth $6,721,000 after acquiring an additional 30,537 shares during the period. Banco Santander S.A. raised its holdings in shares of Liberty Latin America by 2.1% during the 4th quarter. Banco Santander S.A. now owns 816,900 shares of the company’s stock worth $5,195,000 after acquiring an additional 16,900 shares during the period. Finally, Gabelli Funds LLC raised its holdings in shares of Liberty Latin America by 1.7% during the 4th quarter. Gabelli Funds LLC now owns 761,718 shares of the company’s stock worth $4,845,000 after acquiring an additional 13,000 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.