The Goldman Sachs Group Issues Pessimistic Forecast for Liberty Latin America (NASDAQ:LILAK) Stock Price

Liberty Latin America (NASDAQ:LILAK) had its price target trimmed by The Goldman Sachs Group from $10.50 to $7.50 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts also recently weighed in on LILAK. Pivotal Research cut their price target on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. StockNews.com cut shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. 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 note on Friday, November 8th.

Liberty Latin America Stock Up 0.3 %

LILAK stock opened at $6.82 on Wednesday. The stock has a market cap of $1.34 billion, a P/E ratio of -2.33 and a beta of 1.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock’s fifty day simple moving average is $8.48 and its two-hundred day simple moving average is $9.07. Liberty Latin America has a 1-year low of $5.95 and a 1-year high of $10.93.

Insider Activity at Liberty Latin America

In related news, Director Brendan J. Paddick bought 5,053 shares of the company’s stock in a transaction on Friday, November 29th. The shares were purchased at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the completion of the transaction, the director now directly owns 1,343,021 shares in the company, valued at approximately $9,307,135.53. The trade was a 0.38 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders have bought 106,298 shares of company stock worth $735,327. Company insiders own 9.66% of the company’s stock.

Institutional Trading of Liberty Latin America

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its stake in Liberty Latin America by 29.9% in the 2nd 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. Principal Financial Group Inc. increased its holdings in shares of Liberty Latin America by 6.7% in the second quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock worth $638,000 after purchasing an additional 4,180 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Liberty Latin America by 4.2% in 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 in the last quarter. nVerses Capital LLC bought a new stake in Liberty Latin America during the third quarter valued at $55,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Liberty Latin America by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company’s stock valued at $685,000 after buying an additional 6,387 shares during the period. 52.98% of the stock is currently owned by institutional investors.

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.