Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires $159,836.80 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 7,960 shares of the company’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average price of $20.08 per share, with a total value of $159,836.80. Following the purchase, the director owned 2,313,637 shares in the company, valued at approximately $46,457,830.96. This represents a 0.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Price Performance

NASDAQ:LILA opened at $9.73 on Friday. The company has a 50-day moving average of $8.58 and a 200-day moving average of $8.07. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $10.33. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 8.75.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, November 4th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.33). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Latin America had a negative net margin of 3.86% and a negative return on equity of 17.27%. As a group, research analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LILA has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, October 15th. UBS Group upgraded Liberty Latin America to a “hold” rating in a research note 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 target price for the company. in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Liberty Latin America presently has an average rating of “Sell” and an average target price of $7.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LILA. Cook & Bynum Capital Management LLC acquired a new position in Liberty Latin America in the second quarter valued at about $1,111,093. Renaissance Technologies LLC grew its stake in Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after buying an additional 185,300 shares during the last quarter. S&CO Inc. bought a new stake in Liberty Latin America during the second quarter worth about $1,236,000. Bank of New York Mellon Corp acquired a new stake in shares of Liberty Latin America during the second quarter worth approximately $3,140,000. Finally, Rubric Capital Management LP increased its holdings in shares of 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. 18.48% of the stock is owned by institutional investors.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.