Liberty Latin America (NASDAQ:LILAK) Stock Price Down 3.6% After Analyst Downgrade

Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) dropped 3.6% during mid-day trading 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.

A number of other analysts have also commented on LILAK. Pivotal Research decreased their price objective on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th. Scotiabank lowered their price target on 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. Finally, StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 31,514 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was purchased at an average cost of $6.71 per share, with a total value of $211,458.94. Following 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 106,298 shares of company stock valued at $735,327 over the last three months. Company insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LILAK. Vanguard Group Inc. boosted its holdings in shares of 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 purchasing an additional 197,988 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Liberty Latin America in the 3rd quarter worth approximately $1,041,000. XTX Topco Ltd bought a new stake in shares of Liberty Latin America in the 2nd quarter worth approximately $593,000. Algert Global LLC purchased a new position in shares of Liberty Latin America during the second quarter valued at approximately $126,000. Finally, nVerses Capital LLC bought a new position in shares of Liberty Latin America during the third quarter valued at approximately $55,000. 52.98% of the stock is owned by institutional investors.

Liberty Latin America Price Performance

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 business has a 50 day moving average of $8.54 and a 200 day moving average of $9.08. The company has a market cap of $1.34 billion, a PE ratio of -2.32 and a beta of 1.04.

Liberty Latin America Company Profile

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.