Angoitia Alfonso De Purchases 17,596 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De purchased 17,596 shares of Liberty Latin America stock in a transaction dated Tuesday, September 1st. The stock was bought at an average price of $20.65 per share, with a total value of $363,357.40. Following the completion of the purchase, the director directly owned 163,086 shares of the company’s stock, valued at approximately $3,367,725.90. This trade represents a 12.09% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De acquired 313,104 shares of Liberty Latin America stock. The shares were bought at an average price of $20.95 per share, for a total transaction of $6,559,528.80.
• On Monday, August 31st, Angoitia Alfonso De bought 145,490 shares of Liberty Latin America stock. The stock was bought at an average price of $21.00 per share, for a total transaction of $3,055,290.00.

Liberty Latin America Stock Performance

LILA stock traded down $0.25 on Friday, hitting $8.52. The company had a trading volume of 330,800 shares, compared to its average volume of 429,174. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -17.39 and a beta of 0.74. The stock’s 50-day simple moving average is $8.08 and its 200 day simple moving average is $7.90.

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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations 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, equities research analysts expect that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. Citadel Advisors LLC raised its stake in shares of Liberty Latin America by 1.3% in the second quarter. Citadel Advisors LLC now owns 220,052 shares of the company’s stock worth $1,725,000 after buying an additional 2,831 shares during the period. Corient Private Wealth LP bought a new position in shares of Liberty Latin America during the 2nd quarter valued at approximately $79,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Liberty Latin America during the 2nd quarter valued at approximately $451,000. California State Teachers Retirement System increased its holdings in Liberty Latin America by 649.1% in the 2nd quarter. California State Teachers Retirement System now owns 198,180 shares of the company’s stock worth $1,554,000 after acquiring an additional 171,725 shares in the last quarter. Finally, Odyssean LLC increased its holdings in Liberty Latin America by 129.2% in the 2nd quarter. Odyssean LLC now owns 106,141 shares of the company’s stock worth $832,000 after acquiring an additional 59,822 shares in the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

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