Liberty Latin America (NASDAQ:LILA) Downgraded to Underweight Rating by Barclays

Barclays downgraded shares of Liberty Latin America (NASDAQ:LILA) from an equal weight rating to an underweight rating in a report released on Tuesday morning, MarketBeat reports. They currently have $6.50 price objective on the stock, down from their prior price objective of $8.00.

Liberty Latin America Stock Down 2.2 %

LILA opened at $6.80 on Tuesday. The stock’s 50 day moving average price is $6.65 and its 200 day moving average price is $8.03. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.04 and a quick ratio of 1.06. The stock has a market cap of $1.34 billion, a P/E ratio of -2.04 and a beta of 1.03. Liberty Latin America has a 12 month low of $5.93 and a 12 month high of $10.81.

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

Insider Transactions at Liberty Latin America

In related news, Director Brendan J. Paddick acquired 34,256 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were acquired at an average price of $6.98 per share, for a total transaction of $239,106.88. Following the completion of the purchase, the director now directly owns 1,915,768 shares of the company’s stock, valued at $13,372,060.64. The trade was a 1.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last three months, insiders purchased 120,823 shares of company stock valued at $794,142. Company 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. FMR LLC increased its position 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 valued at $20,701,000 after purchasing an additional 2,157,293 shares during the period. Hsbc Holdings PLC bought a new position in Liberty Latin America during the fourth quarter valued at about $2,526,000. Banco Santander S.A. grew its holdings in Liberty Latin America by 47.8% during the third quarter. Banco Santander S.A. now owns 800,000 shares of the company’s stock worth $7,664,000 after acquiring an additional 258,631 shares during the period. UMB Bank n.a. raised its position in Liberty Latin America by 2,129.7% in the fourth quarter. UMB Bank n.a. now owns 169,415 shares of the company’s stock worth $1,077,000 after acquiring an additional 161,817 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Liberty Latin America by 132.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 221,468 shares of the company’s stock valued at $1,409,000 after acquiring an additional 126,383 shares during the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.