Liberty Latin America (NASDAQ:LILAK) Given New $8.30 Price Target at Scotiabank

Liberty Latin America (NASDAQ:LILAK) had its price objective reduced by Scotiabank from $9.40 to $8.30 in a research note released on Friday morning,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Several other analysts also recently weighed in on the stock. Pivotal Research reduced their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $10.50 price objective (up previously from $9.30) on shares of Liberty Latin America in a research report on Wednesday, September 4th.

Liberty Latin America Trading Down 7.3 %

Shares of NASDAQ LILAK traded down $0.59 during midday trading on Friday, hitting $7.54. The company’s stock had a trading volume of 1,324,459 shares, compared to its average volume of 504,690. The business’s fifty day simple moving average is $9.50 and its two-hundred day simple moving average is $9.23. Liberty Latin America has a 1 year low of $5.95 and a 1 year high of $10.93.

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

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of the business’s stock in a transaction 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 directly owns 28,788 shares of the company’s stock, valued at approximately $275,789.04. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 9.66% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently made changes to their positions in LILAK. Headlands Technologies LLC purchased a new stake in shares of Liberty Latin America in the 1st quarter worth about $41,000. Allspring Global Investments Holdings LLC purchased a new position in Liberty Latin America in the 1st quarter valued at about $44,000. nVerses Capital LLC purchased a new position in Liberty Latin America in the 3rd quarter valued at about $55,000. Paloma Partners Management Co purchased a new position in Liberty Latin America in the 1st quarter valued at about $75,000. Finally, Algert Global LLC purchased a new position in Liberty Latin America in the 2nd quarter valued at about $126,000. 52.98% of the stock is owned by institutional investors and hedge funds.

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.