Liberty Latin America Ltd Class A (LILA) Upgraded at ValuEngine

Liberty Latin America Ltd Class A (NASDAQ:LILA) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday.

Several other brokerages also recently issued reports on LILA. Macquarie reissued a “hold” rating and set a $24.00 price objective on shares of Liberty Latin America Ltd Class A in a research report on Thursday, July 19th. Buckingham Research lowered their price objective on shares of Liberty Latin America Ltd Class A from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Finally, Zacks Investment Research raised shares of Liberty Latin America Ltd Class A from a “strong sell” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Liberty Latin America Ltd Class A currently has a consensus rating of “Hold” and a consensus price target of $23.25.

Shares of LILA stock traded up $0.15 during trading hours on Monday, hitting $20.41. 150,100 shares of the company were exchanged, compared to its average volume of 238,921. Liberty Latin America Ltd Class A has a 52 week low of $17.37 and a 52 week high of $25.77. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of -49.78 and a beta of 1.64.

In related news, insider Balan Nair acquired 110,000 shares of the stock in a transaction dated Friday, August 24th. The stock was bought at an average price of $18.14 per share, with a total value of $1,995,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Christopher J. Noyes acquired 20,000 shares of the stock in a transaction dated Wednesday, August 22nd. The shares were bought at an average cost of $17.93 per share, with a total value of $358,600.00. The disclosure for this purchase can be found here. Insiders have bought 234,303 shares of company stock valued at $4,276,304 in the last three months. 8.40% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its position in Liberty Latin America Ltd Class A by 1.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 225,098 shares of the company’s stock valued at $4,379,000 after purchasing an additional 3,032 shares in the last quarter. Verition Fund Management LLC bought a new position in Liberty Latin America Ltd Class A in the first quarter valued at $205,000. Hosking Partners LLP grew its position in Liberty Latin America Ltd Class A by 4.7% in the first quarter. Hosking Partners LLP now owns 329,406 shares of the company’s stock valued at $6,407,000 after purchasing an additional 14,724 shares in the last quarter. SG Americas Securities LLC bought a new position in Liberty Latin America Ltd Class A in the first quarter valued at $320,000. Finally, Wells Fargo & Company MN grew its position in Liberty Latin America Ltd Class A by 26.7% in the first quarter. Wells Fargo & Company MN now owns 114,251 shares of the company’s stock valued at $2,222,000 after purchasing an additional 24,093 shares in the last quarter. 22.18% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Ltd Class A Company Profile

Liberty Latin America Ltd. is a holding company, which engages in the provision of telecommunication services. It operates through the following segments: Cable and Wireless Communications Limited (C&W), VTR, Liberty Puerto Rico, and Corporate and Other. The C&W segment offers cloud based integrated communication services, connectivity, and wholesale solutions to carriers and businesses via sub-sea and terrestrial fiber optic cable networks.

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Analyst Recommendations for Liberty Latin America Ltd Class A (NASDAQ:LILA)

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