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

Liberty Latin America (NASDAQ:LILAK - Free Report) had its price objective raised by Pivotal Research from $17.00 to $18.00 in a research report released on Friday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, StockNews.com cut Liberty Latin America from a buy rating to a hold rating in a report on Friday, March 8th.

Liberty Latin America Stock Performance

Shares of LILAK traded down $0.29 during mid-day trading on Friday, hitting $8.40. 1,112,756 shares of the stock were exchanged, compared to its average volume of 1,193,948. The company has a market cap of $1.72 billion, a PE ratio of -33.42 and a beta of 1.11. Liberty Latin America has a 52-week low of $5.95 and a 52-week high of $9.73. The firm has a 50-day moving average of $7.14 and a two-hundred day moving average of $7.03.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share for the quarter. The firm had revenue of $1.16 billion during the quarter.

Insider Buying and Selling

In other Liberty Latin America news, major shareholder John C. Malone acquired 106,900 shares of the company's stock in a transaction on Thursday, March 28th. The shares were bought at an average cost of $6.99 per share, with a total value of $747,231.00. Following the completion of the acquisition, the insider now owns 8,827,614 shares in the company, valued at $61,705,021.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Liberty Latin America news, major shareholder John C. Malone acquired 35,780 shares of the company's stock in a transaction on Wednesday, March 20th. The shares were bought at an average cost of $6.43 per share, with a total value of $230,065.40. Following the completion of the acquisition, the insider now owns 7,402,498 shares in the company, valued at $47,598,062.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John C. Malone bought 106,900 shares of the firm's stock in a transaction dated Thursday, March 28th. The stock was purchased at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the transaction, the insider now 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. Insiders have purchased a total of 1,220,056 shares of company stock valued at $8,247,512 over the last ninety days. Company insiders own 9.66% of the company's stock.

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds and other institutional investors have recently made changes to their positions in LILAK. ProShare Advisors LLC lifted its position in Liberty Latin America by 8.5% during the first quarter. ProShare Advisors LLC now owns 24,721 shares of the company's stock worth $173,000 after buying an additional 1,944 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Liberty Latin America by 74.0% during the first quarter. Russell Investments Group Ltd. now owns 352,669 shares of the company's stock worth $2,465,000 after acquiring an additional 150,007 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Liberty Latin America in the first quarter valued at $41,000. Empowered Funds LLC grew its stake in shares of Liberty Latin America by 8.2% in the first quarter. Empowered Funds LLC now owns 784,702 shares of the company's stock valued at $5,485,000 after buying an additional 59,467 shares in the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of Liberty Latin America by 8.9% in the first 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. Hedge funds and other institutional investors own 52.98% of the company's stock.

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.