Liberty Latin America (NASDAQ:LILA) Upgraded to Hold at UBS Group

Liberty Latin America (NASDAQ:LILA) was upgraded by stock analysts at UBS Group to a “hold” rating in a research report issued on Thursday, Zacks reports.

Several other research analysts also recently commented on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target on the stock. in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Liberty Latin America currently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Liberty Latin America Price Performance

Shares of Liberty Latin America stock opened at $8.52 on Thursday. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America has a 52-week low of $4.77 and a 52-week high of $9.04. The company has a fifty day moving average of $8.08 and a 200-day moving average of $7.90. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of -17.39 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Equities research analysts expect that Liberty Latin America will post -0.47 EPS for the current year.

Insiders Place Their Bets

In other news, Director Angoitia Alfonso De purchased 313,104 shares of the business’s stock in a transaction on Wednesday, September 2nd. The shares were acquired at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the acquisition, the director directly owned 476,190 shares in the company, valued at approximately $9,976,180.50. The trade was a 191.99% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John Malone acquired 69,454 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was purchased at an average price of $8.50 per share, for a total transaction of $590,359.00. Following the transaction, the director directly owned 306,571 shares of the company’s stock, valued at approximately $2,605,853.50. This trade represents a 29.29% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 3,283,155 shares of company stock valued at $28,785,777 in the last quarter. Insiders own 6.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new stake in Liberty Latin America in the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. increased its stake in shares of Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after buying an additional 2,070 shares during the period. Danske Bank A S purchased a new position in shares of Liberty Latin America during the third quarter valued at approximately $56,000. Quantbot Technologies LP raised its holdings in shares of Liberty Latin America by 727.1% during the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after acquiring an additional 6,289 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Liberty Latin America during the first quarter valued at approximately $77,000. Institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.