Angoitia Alfonso De Purchases 145,490 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De acquired 145,490 shares of the company’s stock in a transaction on Monday, August 31st. The stock was bought at an average cost of $21.00 per share, with a total value of $3,055,290.00. Following the completion of the acquisition, the director directly owned 145,490 shares in the company, valued at approximately $3,055,290. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

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 shares were purchased at an average cost of $20.95 per share, with a total value of $6,559,528.80.
• On Tuesday, September 1st, Angoitia Alfonso De purchased 17,596 shares of Liberty Latin America stock. The stock was bought at an average cost of $20.65 per share, with a total value of $363,357.40.

Liberty Latin America Trading Down 2.9%

Shares of LILA traded down $0.25 during mid-day trading on Friday, reaching $8.52. 330,800 shares of the company were exchanged, compared to its average volume of 429,174. The business has a 50 day simple moving average of $8.08 and a two-hundred day simple moving average of $7.90. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current 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 52 week low of $4.77 and a 52 week high of $9.04.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LILA. Russell Investments Group Ltd. boosted its holdings in 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 acquiring an additional 2,070 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Liberty Latin America by 1.6% during the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Liberty Latin America by 31.4% during the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after acquiring an additional 2,693 shares in the last quarter. Citadel Advisors LLC raised its position in shares of Liberty Latin America by 1.3% during the second quarter. Citadel Advisors LLC now owns 220,052 shares of the company’s stock worth $1,725,000 after purchasing an additional 2,831 shares during the period. Finally, Intech Investment Management LLC raised its position in shares of Liberty Latin America by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock worth $116,000 after purchasing an additional 3,524 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LILA has been the subject of several recent analyst reports. 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 research note on Thursday, August 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One 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, the company presently has an average rating of “Reduce” 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.