Liberty Latin America (NASDAQ:LILA) Director Acquires $239,861.50 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 28,219 shares of Liberty Latin America stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $8.50 per share, with a total value of $239,861.50. Following the acquisition, the director directly owned 178,524 shares in the company, valued at $1,517,454. This trade represents a 18.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Latin America Price Performance

LILA traded down $0.10 during trading on Thursday, hitting $8.55. The company’s stock had a trading volume of 449,729 shares, compared to its average volume of 499,852. 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. The business’s fifty day simple moving average is $7.51 and its 200 day simple moving average is $7.81. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -17.45 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LILA has been the topic of several recent analyst reports. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.00.

Institutional Investors Weigh In On Liberty Latin America

A number of hedge funds have recently modified their holdings of LILA. Rubric Capital Management LP grew its stake in Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after acquiring an additional 1,806,935 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after purchasing an additional 715,641 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Liberty Latin America by 52.2% in the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after purchasing an additional 484,016 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Liberty Latin America during the second quarter worth approximately $3,140,000. Finally, BNP Paribas Financial Markets boosted its stake in Liberty Latin America by 604.1% during the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock worth $2,430,000 after buying an additional 341,794 shares during the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.