Scotiabank Cuts Liberty Latin America (NASDAQ:LILAK) Price Target to $8.30

Liberty Latin America (NASDAQ:LILAK) had its price target decreased by stock analysts at Scotiabank from $9.40 to $8.30 in a report issued on Friday,Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank’s price target would indicate a potential upside of 2.85% from the stock’s previous close.

A number of other research firms have also recently issued reports on LILAK. Pivotal Research decreased their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.50 target price (up previously from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th. Finally, StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Liberty Latin America Price Performance

Shares of NASDAQ:LILAK opened at $8.07 on Friday. The firm has a fifty day moving average price of $9.54 and a two-hundred day moving average price of $9.23. Liberty Latin America has a one year low of $5.95 and a one year high of $10.93. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -19.21 and a beta of 1.12.

Liberty Latin America (NASDAQ:LILAK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The firm had revenue of $1.12 billion for the quarter.

Insider Transactions at Liberty Latin America

In other news, CAO Brian D. Zook sold 26,197 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total value of $250,967.26. Following the transaction, the chief accounting officer now owns 28,788 shares in the company, valued at approximately $275,789.04. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 9.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in Liberty Latin America during the first quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC purchased a new stake in Liberty Latin America during the first quarter valued at approximately $44,000. nVerses Capital LLC purchased a new stake in Liberty Latin America during the third quarter valued at approximately $55,000. Paloma Partners Management Co purchased a new stake in Liberty Latin America during the first quarter valued at approximately $75,000. Finally, Algert Global LLC purchased a new stake in Liberty Latin America during the second quarter valued at approximately $126,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

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.