Liberty Latin America (NASDAQ:LILA) SVP John Winter Acquires 5,071 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) SVP John Winter acquired 5,071 shares of the stock in a transaction dated Friday, June 26th. The stock was acquired at an average cost of $19.67 per share, with a total value of $99,746.57. Following the transaction, the senior vice president directly owned 64,547 shares in the company, valued at approximately $1,269,639.49. This represents a 8.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Latin America Trading Up 1.4%

Shares of NASDAQ:LILA opened at $7.84 on Wednesday. The business’s 50-day moving average is $7.57 and its 200 day moving average is $7.75. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04. The firm has a market capitalization of $1.58 billion, a P/E ratio of -3.16 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. On average, research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of Liberty Latin America

Several hedge funds and other institutional investors have recently bought and sold shares of LILA. Strs Ohio purchased a new position in Liberty Latin America during the first quarter valued at approximately $34,000. Russell Investments Group Ltd. lifted its stake in shares of Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares during the period. Danske Bank A S purchased a new stake in Liberty Latin America during the third quarter worth $56,000. Quantbot Technologies LP grew 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 buying an additional 6,289 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Liberty Latin America by 96.2% in the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after buying an additional 4,089 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LILA has been the topic of a number of research analyst reports. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Liberty Latin America Company Profile

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.