Liberty Latin America (NASDAQ:LILA) Director Purchases $23,210.75 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 1,135 shares of Liberty Latin America stock in a transaction on Thursday, September 24th. The shares were bought at an average price of $20.45 per share, for a total transaction of $23,210.75. Following the purchase, the director owned 1,389,343 shares of the company’s stock, valued at $28,412,064.35. This represents a 0.08% 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 Stock Up 0.1%

Shares of LILA stock traded up $0.01 during trading hours on Monday, reaching $8.49. The company had a trading volume of 416,057 shares, compared to its average volume of 481,935. The company has a market capitalization of $1.66 billion, a P/E ratio of -17.33 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04. The stock’s fifty day simple moving average is $8.42 and its 200 day simple moving average is $7.98.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share 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%. As a group, sell-side analysts expect that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in 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 worth $97,000 after purchasing an additional 2,693 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of Liberty Latin America by 1.3% in the 2nd quarter. Citadel Advisors LLC now owns 220,052 shares of the company’s stock worth $1,725,000 after buying an additional 2,831 shares during the last quarter. Squarepoint Ops LLC grew its position in shares of Liberty Latin America by 30.2% during the 2nd quarter. Squarepoint Ops LLC now owns 15,274 shares of the company’s stock valued at $120,000 after buying an additional 3,543 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Liberty Latin America during the second quarter worth about $28,000. Finally, State of Wyoming bought a new position in Liberty Latin America in the first quarter worth about $77,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LILA has been the subject of a number of analyst reports. Morgan Stanley cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Thursday, August 20th. UBS Group raised Liberty Latin America to a “hold” rating in a report on Thursday, September 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Liberty Latin America Company Profile

Liberty Latin America Ltd. is a telecommunications company providing communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, video and mobile services, fixed-line voice, and data and connectivity solutions for businesses, governments, and other institutional customers.

The company operates through a portfolio of consumer and business brands, including C&W, Liberty, VTR, and BTC. Its operations serve markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.