Liberty Latin America (NASDAQ:LILA) Director John Malone Buys 17,693 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 17,693 shares of Liberty Latin America stock in a transaction dated Friday, June 26th. The shares were acquired at an average price of $7.00 per share, with a total value of $123,851.00. Following the completion of the purchase, the director owned 3,725,813 shares in the company, valued at approximately $26,080,691. The trade was a 0.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Liberty Latin America Stock Up 8.4%

Shares of NASDAQ:LILA traded up $0.60 during midday trading on Monday, reaching $7.73. The company had a trading volume of 1,115,677 shares, compared to its average volume of 464,954. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. The business’s 50 day moving average price is $7.60 and its 200 day moving average price is $7.76. The stock has a market cap of $1.56 billion, a PE ratio of -3.12 and a beta of 0.74. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Research analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. AQR Capital Management LLC bought a new stake in Liberty Latin America in the first quarter valued at approximately $104,000. Empowered Funds LLC boosted its stake in shares of Liberty Latin America by 7.3% during the 1st quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after acquiring an additional 14,547 shares during the period. Jane Street Group LLC increased its holdings in shares of Liberty Latin America by 230.6% during the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock worth $314,000 after acquiring an additional 34,640 shares during the last quarter. Strs Ohio bought a new stake in Liberty Latin America in the 1st quarter valued at $34,000. Finally, Geode Capital Management LLC raised its stake in Liberty Latin America by 12.2% in the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after acquiring an additional 71,873 shares during the period. Institutional investors own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LILA has been the subject of several recent analyst reports. Morgan Stanley set a $7.00 price objective on Liberty Latin America in a report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Liberty Latin America has a consensus rating of “Hold” and a consensus target price of $10.00.

About Liberty Latin America

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.