John Malone Buys 6,761 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 6,761 shares of Liberty Latin America stock in a transaction on Friday, August 14th. The shares were bought at an average price of $8.50 per share, for a total transaction of $57,468.50. Following the purchase, the director owned 185,285 shares of the company’s stock, valued at $1,574,922.50. This represents a 3.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Latin America Price Performance

Shares of LILA stock opened at $8.34 on Thursday. The company has a market capitalization of $1.63 billion, a PE ratio of -17.02 and a beta of 0.74. The firm has a fifty day simple moving average of $7.59 and a 200-day simple moving average of $7.84. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

Large investors have recently made changes to their positions in the business. Strs Ohio acquired a new stake in shares of Liberty Latin America during the first quarter valued at approximately $34,000. Russell Investments Group Ltd. boosted its stake in 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 purchasing an additional 2,070 shares during the period. Danske Bank A S acquired a new position in Liberty Latin America in the 3rd quarter worth approximately $56,000. Quantbot Technologies LP grew its position in 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 in the last quarter. Finally, State of Wyoming purchased a new position in Liberty Latin America during the 1st quarter worth approximately $77,000. Institutional investors own 18.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented 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 lowered shares of Liberty Latin America to an “underweight” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently 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.