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

Liberty Latin America (NASDAQ:LILAK - Free Report) had its target price cut by Scotiabank from $9.40 to $8.30 in a research note published on Friday morning,Benzinga reports. They currently have a sector outperform rating on the stock.

Other equities analysts also recently issued research reports about the stock. Pivotal Research decreased their target price on shares of Liberty Latin America from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, August 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $10.50 price objective (up previously from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th. Finally, StockNews.com downgraded Liberty Latin America from a "buy" rating to a "hold" rating in a report on Thursday, August 15th.

Liberty Latin America Price Performance

NASDAQ:LILAK traded down $0.59 during mid-day trading on Friday, reaching $7.54. 1,324,414 shares of the company's stock traded hands, compared to its average volume of 1,005,409. Liberty Latin America has a 12-month low of $5.95 and a 12-month high of $10.93. The company has a 50 day moving average price of $9.54 and a 200-day moving average price of $9.23. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -19.21 and a beta of 1.12.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last issued 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 business had revenue of $1.12 billion for the quarter.

Insider Buying and Selling at Liberty Latin America

In related news, CAO Brian D. Zook sold 26,197 shares of the firm's stock in a transaction on Tuesday, August 20th. The stock was 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liberty Latin America

Several large investors have recently made changes to their positions in the business. Segall Bryant & Hamill LLC bought a new stake in shares of Liberty Latin America during the third quarter valued at approximately $1,041,000. Empowered Funds LLC lifted its stake in Liberty Latin America by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 891,148 shares of the company's stock worth $8,457,000 after purchasing an additional 45,426 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Liberty Latin America during the 3rd quarter valued at about $267,000. nVerses Capital LLC purchased a new position in shares of Liberty Latin America during the third quarter valued at about $55,000. Finally, Truist Financial Corp bought a new stake in shares of Liberty Latin America in the second quarter worth about $481,000. 52.98% of the stock is currently owned by hedge funds and other 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.