Liberty Latin America (NASDAQ:LILAK) Shares Down 3.6% on Analyst Downgrade

Liberty Latin America Ltd. (NASDAQ:LILAK)’s share price was down 3.6% on Wednesday after The Goldman Sachs Group lowered their price target on the stock from $10.50 to $7.50. The Goldman Sachs Group currently has a neutral rating on the stock. Liberty Latin America traded as low as $6.66 and last traded at $6.70. Approximately 232,127 shares traded hands during trading, a decline of 77% from the average daily volume of 996,576 shares. The stock had previously closed at $6.95.

Several other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Pivotal Research dropped their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, Scotiabank decreased their price target on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research report on Friday, November 8th.

Insider Buying and Selling

In other Liberty Latin America news, Director Brendan J. Paddick acquired 31,514 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average cost of $6.71 per share, with a total value of $211,458.94. Following the completion of the purchase, the director now owns 1,940,094 shares of the company’s stock, valued at approximately $13,018,030.74. This represents a 1.65 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 106,298 shares of company stock valued at $735,327 over the last ninety days. 9.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Liberty Latin America by 6.4% during the first quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after buying an additional 197,988 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Liberty Latin America by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock worth $770,000 after buying an additional 4,487 shares during the last quarter. Genesis Investment Management LLP increased its holdings in Liberty Latin America by 39.4% during the second quarter. Genesis Investment Management LLP now owns 2,609,237 shares of the company’s stock worth $25,101,000 after buying an additional 737,883 shares during the last quarter. Timber Creek Capital Management LLC increased its holdings in Liberty Latin America by 20.6% during the second quarter. Timber Creek Capital Management LLC now owns 314,367 shares of the company’s stock worth $3,024,000 after buying an additional 53,744 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Liberty Latin America by 29.9% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after purchasing an additional 3,150 shares in the last quarter. 52.98% of the stock is owned by institutional investors.

Liberty Latin America Price Performance

The stock has a market cap of $1.34 billion, a PE ratio of -2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50 day moving average price is $8.59 and its two-hundred day moving average price is $9.09.

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.