Liberty Latin America (NASDAQ:LILA) Stock Rating Upgraded by UBS Group

Liberty Latin America (NASDAQ:LILA) was upgraded by investment analysts at UBS Group to a “hold” rating in a report issued on Thursday, Zacks reports.

Other equities research analysts also recently issued reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. Morgan Stanley downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $8.52 on Thursday. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America has a 52 week low of $4.77 and a 52 week high of $9.04. The stock has a market capitalization of $1.67 billion, a P/E ratio of -17.39 and a beta of 0.74. The stock has a fifty day moving average of $8.08 and a 200-day moving average of $7.90.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. On average, sell-side analysts expect that Liberty Latin America will post -0.47 earnings per share for the current fiscal year.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, Director Charles H. R. Bracken bought 17,425 shares of Liberty Latin America stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $20.93 per share, with a total value of $364,705.25. Following the acquisition, the director directly owned 41,192 shares of the company’s stock, valued at $862,148.56. The trade was a 73.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone acquired 69,454 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $8.50 per share, for a total transaction of $590,359.00. Following the completion of the purchase, the director owned 306,571 shares of the company’s stock, valued at $2,605,853.50. This trade represents a 29.29% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 3,283,155 shares of company stock worth $28,785,777. Insiders own 6.25% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in shares of Liberty Latin America in the 1st quarter valued at $34,000. Russell Investments Group Ltd. raised its stake in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares during the last quarter. Danske Bank A S acquired a new position in Liberty Latin America in the third quarter valued at $56,000. Quantbot Technologies LP boosted its position in Liberty Latin America by 727.1% during the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after acquiring an additional 6,289 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Liberty Latin America during the 1st quarter worth about $77,000. Institutional investors own 18.48% of the company’s stock.

More Liberty Latin America News

Here are the key news stories impacting Liberty Latin America this week:

• Positive Sentiment: UBS upgraded Liberty Latin America to “hold.” The move from a more bearish stance may provide modest support by signaling reduced downside expectations. Zacks analyst upgrade report
• Positive Sentiment: Insiders made substantial purchases. Director Alfonso de Angoitia reportedly bought 313,104 shares for approximately $6.6 million on September 2, 17,596 shares for about $363,000 on September 1, and 145,490 shares for roughly $3.1 million on August 31. Such buying can signal confidence in the company’s valuation or outlook. Liberty Latin America insider trading report
• Positive Sentiment: John Malone also purchased approximately 121,000 shares at an average price of $8.49, a transaction valued at about $1 million. The purchase adds to the insider-ownership signal supporting the stock. John Malone Liberty Latin America share purchase
• Neutral Sentiment: Recent operating results were mixed. Liberty Latin America reported quarterly revenue of $1.10 billion, in line with estimates, but posted a loss of $0.13 per share. Analysts expect a full-year loss of approximately $0.47 per share.
• Negative Sentiment: Analyst sentiment remains weak. Morgan Stanley downgraded LILA to “underweight” with a $7 price target, while the reported consensus rating is “Reduce.” The company’s negative margins, negative return on equity and debt-to-equity ratio above 8 also remain concerns.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.