Insider Buying: Liberty Latin America (NASDAQ:LILA) CEO Acquires 20,000 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair acquired 20,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the acquisition, the chief executive officer directly owned 3,125,039 shares in the company, valued at $25,219,064.73. This represents a 0.64% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liberty Latin America Price Performance

NASDAQ:LILA traded down $0.30 during mid-day trading on Tuesday, hitting $7.41. The company’s stock had a trading volume of 364,421 shares, compared to its average volume of 334,893. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of -2.99 and a beta of 0.75. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 7.40. Liberty Latin America Ltd. has a fifty-two week low of $4.45 and a fifty-two week high of $9.04. The stock has a fifty day moving average of $8.12 and a 200-day moving average of $7.99.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 44.68% and a negative net margin of 11.20%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities analysts forecast that Liberty Latin America Ltd. will post -0.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC bought a new stake in shares of Liberty Latin America in the first quarter valued at about $104,000. Empowered Funds LLC raised its stake in Liberty Latin America by 7.3% in the 1st quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after purchasing an additional 14,547 shares in the last quarter. Jane Street Group LLC boosted its holdings in Liberty Latin America by 230.6% in the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after purchasing an additional 34,640 shares during the period. Strs Ohio bought a new stake in Liberty Latin America in the 1st quarter valued at about $34,000. Finally, Geode Capital Management LLC grew its position in shares of Liberty Latin America by 12.2% during the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock worth $4,042,000 after purchasing an additional 71,873 shares in the last quarter. 18.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $13.00.

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.