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

Liberty Latin America (NASDAQ:LILA - Get Free Report) was upgraded by stock analysts at Benchmark to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

Separately, Barclays cut shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $8.00 to $6.50 in a research note on Tuesday, February 25th.

Liberty Latin America Stock Down 0.4%

Shares of LILA stock traded down $0.02 during trading on Monday, hitting $5.02. 260,057 shares of the company were exchanged, compared to its average volume of 387,224. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of -1.50 and a beta of 0.91. The business's 50-day simple moving average is $5.23 and its 200 day simple moving average is $6.20. Liberty Latin America has a twelve month low of $4.25 and a twelve month high of $10.82.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.62). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. As a group, analysts forecast that Liberty Latin America will post -0.22 EPS for the current fiscal year.

Insider Activity

In other news, CFO Christopher J. Noyes acquired 8,000 shares of the company's stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $4.53 per share, with a total value of $36,240.00. Following the completion of the acquisition, the chief financial officer now owns 231,621 shares in the company, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Balan Nair acquired 22,779 shares of the company's stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, with a total value of $99,999.81. Following the acquisition, the chief executive officer now owns 1,651,001 shares of the company's stock, valued at approximately $7,247,894.39. This represents a 1.40% increase in their position. The disclosure for this purchase can be found here. 11.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. SG Americas Securities LLC boosted its stake in Liberty Latin America by 15.9% in the fourth quarter. SG Americas Securities LLC now owns 14,560 shares of the company's stock valued at $93,000 after acquiring an additional 2,002 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Liberty Latin America by 5.1% during the fourth quarter. Empowered Funds LLC now owns 200,090 shares of the company's stock worth $1,273,000 after purchasing an additional 9,627 shares in the last quarter. ABC Arbitrage SA bought a new position in shares of Liberty Latin America during the fourth quarter worth $136,000. Banco Santander S.A. boosted its position in shares of Liberty Latin America by 2.1% during the fourth quarter. Banco Santander S.A. now owns 816,900 shares of the company's stock worth $5,195,000 after purchasing an additional 16,900 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Liberty Latin America by 7.5% during the fourth quarter. American Century Companies Inc. now owns 62,157 shares of the company's stock worth $395,000 after purchasing an additional 4,339 shares in the last quarter. 18.48% of the stock is owned by institutional investors.

Liberty Latin America Company Profile

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.