Liberty Latin America (NASDAQ:LILA) Director John Malone Purchases 103,328 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 103,328 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were bought at an average cost of $16.97 per share, with a total value of $1,753,476.16. Following the purchase, the director directly owned 1,335,377 shares of the company’s stock, valued at approximately $22,661,347.69. This represents a 8.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Liberty Latin America Stock Up 0.7%

Shares of NASDAQ:LILA opened at $8.57 on Wednesday. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. The stock has a market cap of $1.73 billion, a P/E ratio of -17.49 and a beta of 0.74. The business’s 50 day moving average is $7.49 and its 200 day moving average is $7.81. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LILA. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley set a $7.00 target price on shares of Liberty Latin America in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.00.

Hedge Funds Weigh In On Liberty Latin America

Large investors have recently bought and sold shares of the business. Strs Ohio bought a new stake in Liberty Latin America during the 1st quarter valued at $34,000. Russell Investments Group Ltd. raised its position in shares of Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S bought a new position in shares of Liberty Latin America in the 3rd quarter worth $56,000. Quantbot Technologies LP lifted its stake in shares of Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Liberty Latin America during the 1st quarter worth $77,000. 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.