Liberty Latin America (NASDAQ:LILA) Director Angoitia Alfonso De Acquires 313,104 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De bought 313,104 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was purchased at an average cost of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the transaction, the director directly owned 476,190 shares of the company’s stock, valued at approximately $9,976,180.50. The trade was a 191.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, September 1st, Angoitia Alfonso De bought 17,596 shares of Liberty Latin America stock. The stock was purchased at an average price of $20.65 per share, for a total transaction of $363,357.40.
• On Monday, August 31st, Angoitia Alfonso De purchased 145,490 shares of Liberty Latin America stock. The shares were purchased at an average cost of $21.00 per share, for a total transaction of $3,055,290.00.

Liberty Latin America Stock Down 2.9%

Shares of NASDAQ LILA opened at $8.52 on Friday. 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 stock has a market capitalization of $1.67 billion, a PE ratio of -17.39 and a beta of 0.74. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The business’s fifty day moving average price is $8.08 and its 200-day moving average price is $7.90.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. On average, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on LILA. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $10.00.

Hedge Funds Weigh In On Liberty Latin America

A number of large investors have recently modified their holdings of the company. Strs Ohio bought a new position in Liberty Latin America in the 1st quarter valued at $34,000. Russell Investments Group Ltd. increased its holdings in shares of Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares during the period. Danske Bank A S purchased a new stake in shares of Liberty Latin America in the third quarter worth $56,000. Quantbot Technologies LP raised its position in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after buying an additional 6,289 shares in the last quarter. Finally, State of Wyoming bought a new stake in Liberty Latin America during the first quarter valued at $77,000. 18.48% of the stock is currently owned by institutional investors.

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.