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

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

Other equities analysts have also issued research reports about the stock. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Pivotal Research cut their price target on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. 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 report on Wednesday, September 4th.

Liberty Latin America Stock Performance

Shares of LILAK stock opened at $7.36 on Friday. Liberty Latin America has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The stock has a 50 day simple moving average of $9.46 and a two-hundred day simple moving average of $9.26. The company has a market cap of $1.44 billion, a P/E ratio of -2.51 and a beta of 1.12.

Insiders Place Their Bets

In other Liberty Latin America 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 transaction of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares in the company, valued at approximately $275,789.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in Liberty Latin America during the third quarter worth about $55,000. Headlands Technologies LLC purchased a new stake in Liberty Latin America in the first quarter worth $41,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Liberty Latin America in the first quarter valued at $44,000. Paloma Partners Management Co purchased a new position in shares of Liberty Latin America during the 1st quarter valued at $75,000. Finally, Algert Global LLC bought a new position in shares of Liberty Latin America during the 2nd quarter worth $126,000. 52.98% of the stock is 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.