Pivotal Research Boosts Liberty Latin America (NASDAQ:LILAK) Price Target to $18.00

Liberty Latin America (NASDAQ:LILAK) had its price target hoisted by equities research analysts at Pivotal Research from $17.00 to $18.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s price objective would indicate a potential upside of 107.13% from the stock’s previous close.

Separately, StockNews.com lowered Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Friday, March 8th.

Liberty Latin America Stock Performance

Shares of LILAK stock opened at $8.69 on Friday. Liberty Latin America has a fifty-two week low of $5.95 and a fifty-two week high of $9.73. The stock’s fifty day moving average price is $7.14 and its two-hundred day moving average price is $7.03. The company has a market cap of $1.78 billion, a PE ratio of -33.42 and a beta of 1.11.

Liberty Latin America (NASDAQ:LILAK) last posted its earnings results on Thursday, February 22nd. The company reported ($0.49) EPS for the quarter. The firm had revenue of $1.16 billion for the quarter.

Insider Buying and Selling at Liberty Latin America

In other news, CAO Brian D. Zook sold 27,711 shares of Liberty Latin America stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $6.76, for a total transaction of $187,326.36. Following the completion of the transaction, the chief accounting officer now directly owns 34,798 shares in the company, valued at $235,234.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Brian D. Zook sold 27,711 shares of the company’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $6.76, for a total value of $187,326.36. Following the completion of the sale, the chief accounting officer now owns 34,798 shares in the company, valued at approximately $235,234.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder John C. Malone purchased 106,900 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average cost of $6.99 per share, for a total transaction of $747,231.00. Following the completion of the transaction, the insider now directly owns 8,827,614 shares of the company’s stock, valued at $61,705,021.86. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 1,220,056 shares of company stock valued at $8,247,512. Company insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in Liberty Latin America by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,758,415 shares of the company’s stock worth $27,587,000 after purchasing an additional 120,234 shares during the period. DAVENPORT & Co LLC grew its stake in Liberty Latin America by 8.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,559,940 shares of the company’s stock valued at $24,884,000 after buying an additional 291,155 shares in the last quarter. Vanguard Group Inc. raised its holdings in Liberty Latin America by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,230,293 shares of the company’s stock valued at $26,359,000 after acquiring an additional 35,245 shares during the period. Fourth Sail Capital LP purchased a new stake in shares of Liberty Latin America during the fourth quarter worth $19,871,000. Finally, Goldentree Asset Management LP boosted its holdings in shares of Liberty Latin America by 19.1% in the third quarter. Goldentree Asset Management LP now owns 2,205,722 shares of the company’s stock worth $17,999,000 after acquiring an additional 354,080 shares during the period. 52.98% of the stock is 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.