Liberty Latin America (NASDAQ:LILA) Director Acquires 4,900 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director Charles Bracken purchased 4,900 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of $20.50 per share, with a total value of $100,450.00. Following the transaction, the director directly owned 18,867 shares in the company, valued at $386,773.50. This trade represents a 35.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Trading Up 6.1%

LILA traded up $0.40 during trading on Thursday, reaching $7.00. The company had a trading volume of 1,833,693 shares, compared to its average volume of 448,360. The firm’s 50-day simple moving average is $7.64 and its 200 day simple moving average is $7.78. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -2.82 and a beta of 0.74. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LILA. Rubric Capital Management LP raised its position in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after buying an additional 1,806,935 shares during the period. Oaktree Capital Management LP acquired a new stake in Liberty Latin America during the 3rd quarter worth about $7,017,000. Goldman Sachs Group Inc. grew its stake in Liberty Latin America by 318.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after acquiring an additional 715,641 shares in the last quarter. Virtu Financial LLC grew its stake in Liberty Latin America by 52.2% during the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after acquiring an additional 484,016 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Liberty Latin America by 604.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after purchasing an additional 341,794 shares during the period. Hedge funds and other institutional investors own 18.48% of the company’s stock.

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.