Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Buys $439,535.36 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 51,832 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $8.48 per share, for a total transaction of $439,535.36. Following the completion of the acquisition, the director owned 237,117 shares in the company, valued at $2,010,752.16. This represents a 27.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Liberty Latin America Price Performance

NASDAQ:LILA traded down $0.05 during mid-day trading on Tuesday, reaching $8.56. The stock had a trading volume of 278,233 shares, compared to its average volume of 492,546. The firm has a 50 day moving average price of $7.92 and a two-hundred day moving average price of $7.88. The stock has a market capitalization of $1.68 billion, a P/E ratio of -17.47 and a beta of 0.74. Liberty Latin America Ltd. has a one year low of $4.77 and a one year 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.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS 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%. As a group, analysts expect that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LILA shares. Morgan Stanley lowered shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price on the stock. in a report on Thursday, August 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $10.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Corient Private Wealth LP purchased a new position in shares of Liberty Latin America in the second quarter worth $79,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Liberty Latin America in the 2nd quarter worth $451,000. California State Teachers Retirement System increased its position in shares of Liberty Latin America by 649.1% in the second quarter. California State Teachers Retirement System now owns 198,180 shares of the company’s stock valued at $1,554,000 after acquiring an additional 171,725 shares during the period. Odyssean LLC raised its stake in shares of Liberty Latin America by 129.2% during the second quarter. Odyssean LLC now owns 106,141 shares of the company’s stock valued at $832,000 after acquiring an additional 59,822 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Liberty Latin America during the second quarter valued at about $99,000. Institutional investors own 18.48% of the company’s stock.

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.