Brendan Paddick Purchases 100,000 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan Paddick acquired 100,000 shares of Liberty Latin America stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $4.88 per share, with a total value of $488,000.00. Following the completion of the transaction, the director directly owned 1,559,542 shares of the company’s stock, valued at $7,610,564.96. This trade represents a 6.85% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock traded up $0.67 during midday trading on Tuesday, hitting $5.95. The company had a trading volume of 2,410,971 shares, compared to its average volume of 425,634. The business’s 50 day simple moving average is $7.72 and its two-hundred day simple moving average is $7.82. The stock has a market cap of $1.20 billion, a PE ratio of -2.40 and a beta of 0.74. 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.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, equities analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Rubric Capital Management LP lifted its position in Liberty Latin America by 93.0% in the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after purchasing an additional 1,806,935 shares during the period. Oaktree Capital Management LP bought a new stake in Liberty Latin America in the 3rd quarter valued at $7,017,000. Goldman Sachs Group Inc. increased its holdings in Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after buying an additional 715,641 shares during the period. Virtu Financial LLC raised its stake in shares of Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after buying an additional 484,016 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Liberty Latin America by 604.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock worth $2,430,000 after acquiring an additional 341,794 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.