Angoitia Alfonso De Purchases 17,596 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De bought 17,596 shares of the firm’s stock in a transaction on Tuesday, September 1st. The stock was acquired at an average price of $20.65 per share, for a total transaction of $363,357.40. Following the completion of the purchase, the director directly owned 163,086 shares in the company, valued at approximately $3,367,725.90. The trade was a 12.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, September 2nd, Angoitia Alfonso De purchased 313,104 shares of Liberty Latin America stock. The stock was acquired at an average cost of $20.95 per share, for a total transaction of $6,559,528.80.
• On Monday, August 31st, Angoitia Alfonso De purchased 145,490 shares of Liberty Latin America stock. The shares were acquired at an average price of $21.00 per share, with a total value of $3,055,290.00.

Liberty Latin America Trading Down 2.9%

Shares of LILA opened at $8.52 on Friday. The firm’s 50 day simple moving average is $8.08 and its 200 day simple moving average is $7.90. The company has a market capitalization of $1.67 billion, a P/E ratio of -17.39 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. 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 released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $1.10 billion during 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 forecast that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price on the stock. in a research note on Thursday, August 20th. UBS Group upgraded Liberty Latin America to a “hold” rating in a report on Thursday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Liberty Latin America has a consensus rating of “Reduce” and a consensus target price of $10.00.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors have recently made changes to their positions in the business. Fourth Sail Capital LP raised its position in Liberty Latin America by 21.5% in the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock worth $6,723,000 after purchasing an additional 160,981 shares during the period. Cook & Bynum Capital Management LLC purchased a new stake in Liberty Latin America during the second quarter valued at about $1,111,093. Renaissance Technologies LLC boosted its position in Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after buying an additional 185,300 shares during the period. S&CO Inc. bought a new position in Liberty Latin America during the 2nd quarter worth approximately $1,236,000. Finally, Rubric Capital Management LP grew its holdings in shares of Liberty Latin America by 93.0% in the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after purchasing an additional 1,806,935 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Key Stories Impacting Liberty Latin America

Here are the key news stories impacting Liberty Latin America this week:

• Positive Sentiment: Director Alfonso de Angoitia made three reported purchases totaling 476,190 shares for approximately $9.98 million between August 31 and September 2. The sizable purchases, which increased his direct ownership substantially, may signal management confidence in Liberty Latin America’s valuation and future prospects. Insider buying report
• Positive Sentiment: UBS Group upgraded Liberty Latin America to “hold”. Although the rating is not bullish, the upgrade could reduce some selling pressure and suggests UBS sees less downside than previously.
• Neutral Sentiment: The company’s latest quarter was broadly in line with expectations, with revenue of $1.10 billion versus the $1.10 billion consensus estimate. However, Liberty Latin America reported a loss of $0.13 per share, and analysts expect a full-year loss of approximately $0.47 per share.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley recently downgraded LILA to “underweight” with a $7 price target, while the broader consensus rating is “Reduce.” The company also has a negative net margin and a high debt-to-equity ratio of 8.08, which could limit upside despite the insider purchases.

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.