Liberty Latin America (NASDAQ:LILA) Director Buys $1,150,684.48 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 113,704 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $10.12 per share, for a total transaction of $1,150,684.48. Following the completion of the transaction, the director owned 1,351,126 shares of the company’s stock, valued at $13,673,395.12. The trade was a 9.19% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Latin America Trading Down 1.2%

Liberty Latin America stock opened at $8.55 on Friday. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market capitalization of $1.72 billion, a PE ratio of -17.45 and a beta of 0.74. The business’s 50-day simple moving average is $7.53 and its 200-day simple moving average is $7.82.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. Equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LILA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley set a $7.00 target price on shares of Liberty Latin America in a research note on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Liberty Latin America in the 1st quarter valued at approximately $34,000. Russell Investments Group Ltd. lifted its position 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 worth $46,000 after acquiring an additional 2,070 shares during the period. Danske Bank A S bought a new stake in shares of Liberty Latin America in the 3rd quarter worth approximately $56,000. Quantbot Technologies LP grew its holdings in shares of Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Liberty Latin America during the 1st quarter worth approximately $77,000. 18.48% of the stock is currently owned by institutional investors.

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.