Shares of Liberty Latin America Ltd (NASDAQ:LILA) have been assigned a consensus rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $27.00.
Several equities analysts have recently issued reports on the stock. Macquarie upgraded shares of Liberty Latin America from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Thursday, April 4th. BidaskClub upgraded shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a report on Friday, June 28th. TheStreet upgraded shares of Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. Finally, Zacks Investment Research lowered shares of HENGAN INTL GRP/ADR from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st.
LILA traded down $0.02 on Tuesday, hitting $16.98. The company had a trading volume of 122,146 shares, compared to its average volume of 312,908. Liberty Latin America has a 52-week low of $13.96 and a 52-week high of $22.20. The business has a fifty day simple moving average of $17.58. The firm has a market cap of $3.08 billion, a price-to-earnings ratio of -8.53 and a beta of 1.84.
In other news, insider Balan Nair purchased 14,000 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, May 14th. The stock was bought at an average price of $17.83 per share, with a total value of $249,620.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher J. Noyes purchased 10,000 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of $17.91 per share, with a total value of $179,100.00. The disclosure for this purchase can be found here. Insiders have purchased 53,500 shares of company stock valued at $937,010 in the last three months. 13.82% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley acquired a new position in shares of Liberty Latin America in the 3rd quarter valued at about $2,446,000. Rhumbline Advisers lifted its stake in shares of Liberty Latin America by 44.2% in the 4th quarter. Rhumbline Advisers now owns 61,467 shares of the company’s stock valued at $890,000 after purchasing an additional 18,828 shares during the period. Prudential Financial Inc. lifted its stake in shares of Liberty Latin America by 1,262.6% in the 4th quarter. Prudential Financial Inc. now owns 142,799 shares of the company’s stock valued at $2,068,000 after purchasing an additional 132,319 shares during the period. BlackRock Inc. lifted its stake in shares of Liberty Latin America by 7.4% in the 4th quarter. BlackRock Inc. now owns 3,171,832 shares of the company’s stock valued at $45,928,000 after purchasing an additional 217,627 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Liberty Latin America by 17.5% in the 4th quarter. Citigroup Inc. now owns 14,140 shares of the company’s stock valued at $205,000 after purchasing an additional 2,110 shares during the period. 18.26% of the stock is owned by institutional investors.
Liberty Latin America Company Profile
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. It offers communications and entertainment services, including video, broadband Internet, fixed-line telephony, and mobile 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.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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