BlackRock Fund Advisors recently announced the acquisition of new stake in Liberty Latin America Ltd. (NASDAQ:LILAK). The institutional investor has increased its shareholding in the Communication Services company by 2.79% to 7.44 million shares with purchase of 0.2 million shares. This fresh investment now brings its stake to 5.67% valued currently at $76.08 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.33 million to 5.07 million shares. And River Road Asset Management LLC has lifted its position by 13.59% or 0.48 million shares – to 3.97 million shares.
With over 1.29 million Liberty Latin America Ltd. (LILAK) shares trading Tuesday and a closing price of $9.64 on the day, the dollar volume was approximately $12.44 million. The shares have shown a positive weekly performance of 1.90% and its price on 08/25/20 gained nearly 5.24%. Currently, there are 131.34M common shares owned by the public.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for LILAK have a consensus price objective of $14.40. The analysts have set the share’s price value over the next 12 months at a high of $22.00 and a low of $6.60 should the stock experience a downside. Incidentally, analysts’ outlook for the Liberty Latin America Ltd. stock is 2.00 for the next 12 months. But an upside of 56.18% will see the stock hit the forecast high price target while mean target price for the stock is $13.50.
Insiders at the company have transacted a total of 191 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 115 of these insider trades were purchases, accounting for 1,545,020 shares. Insider sales of the common stock occurred on 76 occasions, with total insider shares sold totaling 354,057 shares.
The top 3 mutual fund holders in Liberty Latin America Ltd. are Stichting Pensioenfonds ABP (Glob, iShares Russell 2000 ETF, and Government Pension Fund – Global. Stichting Pensioenfonds ABP (Glob owns 3.63 million shares of the company’s stock, all valued at over $37.18 million. The company bought an additional 0.19 million shares recently to bring their total holdings to about 2.77% of the shares outstanding. iShares Russell 2000 ETF sold -0.11 million shares to see its total holdings shrink to 2.34 million shares valued at over $23.96 million and representing 1.79% of the shares outstanding. Government Pension Fund – Global bought 0.16 million shares to bring its total holdings to over 1.75 million shares at a value of $17.95 million. Government Pension Fund – Global now owns shares totaling to 1.34% of the shares outstanding.
Shares of Liberty Latin America Ltd. (NASDAQ: LILAK) opened at $9.18, up $0.02 from a prior closing price of $9.16. However, the script later closed the day at $9.64, up 5.24%. The company’s stock has a 5-day price change of 1.90% and -2.48% over the past three months. LILAK shares are trading -50.46% year to date (YTD), with the 12-month market performance down to -39.45% lower. It has a 12-month low price of $8.02 and touched a high of $19.95 over the same period. Currently, 1.29 million shares have been traded, compared to an average intraday trading volume of 1.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.14%, 0.52%, and -26.86% respectively.
Institutional ownership of Liberty Latin America Ltd. (NASDAQ: LILAK) shares accounts for 93.98% of the company’s 131.34M shares outstanding. Mutual fund holders own 28.00%, while other institutional holders and individual stakeholders account for 47.25% and 15.36% respectively.
It has a market capitalization of $1.27B. The earnings-per-share (ttm) stands at -$2.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.53% over the week and 5.83% over the month.
Analysts forecast that Liberty Latin America Ltd. (LILAK) will achieve an EPS of -$0.32 for the current quarter, -$0.11 for the next quarter and $0.22 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.52 while analysts give the company a high EPS estimate of -$0.03. Comparatively, EPS for the current quarter was $0.19 a year ago. Earnings per share for the fiscal year are expected to decrease by -115.90%, and 123.20% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate Liberty Latin America Ltd. (LILAK) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 6 Wall Street analysts polled rate the stock as a buy, while 2 of the 9 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the LILAK, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on April 03, 2018, with the firm’s price target at $23. Macquarie coverage for the Liberty Latin America Ltd. (LILAK) stock in a research note released on September 27, 2017 offered a Neutral rating with a price target of. Pivotal Research Group was of a view on November 07, 2016 that the stock is Buy, while Pivotal Research Group gave the stock Buy rating on October 05, 2016, issuing a price target of $43- $45. Pivotal Research Group on their part issued Buy rating on August 10, 2016.