Liberty Latin America (NASDAQ:LILA) Director Acquires $123,851.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 17,693 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average cost of $7.00 per share, for a total transaction of $123,851.00. Following the completion of the acquisition, the director directly owned 3,725,813 shares of the company’s stock, valued at approximately $26,080,691. This trade represents a 0.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Liberty Latin America Price Performance

Shares of NASDAQ LILA opened at $7.92 on Thursday. The business’s 50 day moving average price is $7.55 and its 200 day moving average price is $7.74. The firm has a market cap of $1.60 billion, a P/E ratio of -3.19 and a beta of 0.74. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

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

Hedge Funds Weigh In On Liberty Latin America

Institutional investors have recently made changes to their positions in the company. Rubric Capital Management LP boosted its holdings in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after buying an additional 1,806,935 shares in the last quarter. Oaktree Capital Management LP purchased a new position in Liberty Latin America in the third quarter valued at $7,017,000. Goldman Sachs Group Inc. raised its position in shares of Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after acquiring an additional 715,641 shares during the period. Virtu Financial LLC boosted its stake in shares of Liberty Latin America by 52.2% during the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after acquiring an additional 484,016 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake 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 in the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LILA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. Morgan Stanley set a $7.00 price target on Liberty Latin America in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Liberty Latin America presently has an average rating of “Hold” and an average target price 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.