Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases $23,210.75 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 1,135 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were acquired at an average price of $20.45 per share, with a total value of $23,210.75. Following the completion of the acquisition, the director directly owned 1,389,343 shares in the company, valued at $28,412,064.35. This represents a 0.08% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Latin America Stock Down 1.9%

Shares of NASDAQ LILA opened at $8.28 on Thursday. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The company has a market capitalization of $1.62 billion, a PE ratio of -16.90 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s 50-day moving average is $8.48 and its two-hundred day moving average is $8.00.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Equities analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in Liberty Latin America by 11.6% during the second quarter. State Street Corp now owns 750,725 shares of the company’s stock worth $5,886,000 after purchasing an additional 77,953 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Liberty Latin America during the second quarter worth approximately $81,000. Sequoia Financial Advisors LLC acquired a new position in shares of Liberty Latin America in the 2nd quarter valued at $79,000. Integrated Wealth Concepts LLC acquired a new position in shares of Liberty Latin America in the 2nd quarter valued at $28,000. Finally, Squarepoint Ops LLC grew its stake in shares of Liberty Latin America by 30.2% during the 2nd quarter. Squarepoint Ops LLC now owns 15,274 shares of the company’s stock valued at $120,000 after buying an additional 3,543 shares during the period. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. UBS Group upgraded Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. Finally, 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. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Liberty Latin America presently has an average rating of “Reduce” and an average price target of $10.00.

Liberty Latin America Company Profile

Liberty Latin America Ltd. is a telecommunications company providing communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, video and mobile services, fixed-line voice, and data and connectivity solutions for businesses, governments, and other institutional customers.

The company operates through a portfolio of consumer and business brands, including C&W, Liberty, VTR, and BTC. Its operations serve markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.