The Goldman Sachs Group Cuts Liberty Latin America (NASDAQ:LILAK) Price Target to $7.50

Liberty Latin America (NASDAQ:LILAK) had its price objective cut by The Goldman Sachs Group from $10.50 to $7.50 in a research note released on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also recently weighed in on LILAK. Scotiabank cut their target price on 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. Pivotal Research reduced their price objective on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Liberty Latin America Stock Performance

LILAK opened at $6.82 on Wednesday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. Liberty Latin America has a 52-week low of $5.95 and a 52-week high of $10.93. The firm has a market cap of $1.34 billion, a P/E ratio of -2.33 and a beta of 1.04. The business’s fifty day moving average is $8.48 and its 200-day moving average is $9.07.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick acquired 35,475 shares of the stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of $7.04 per share, with a total value of $249,744.00. Following the completion of the purchase, the director now directly owns 1,273,443 shares of the company’s stock, valued at $8,965,038.72. This represents a 2.87 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 106,298 shares of company stock valued at $735,327 in the last 90 days. 9.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors have recently added to or reduced their stakes in LILAK. Franklin Resources Inc. lifted its holdings in Liberty Latin America by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after buying an additional 8,454 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Liberty Latin America in the third quarter worth approximately $801,000. Virtu Financial LLC bought a new stake in Liberty Latin America in the third quarter valued at approximately $591,000. Geode Capital Management LLC boosted its holdings in Liberty Latin America by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after acquiring an additional 39,711 shares during the last quarter. Finally, Barclays PLC increased its position in Liberty Latin America by 55.8% during the 3rd quarter. Barclays PLC now owns 200,249 shares of the company’s stock valued at $1,900,000 after purchasing an additional 71,734 shares during the period. 52.98% 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. 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.