Liberty Latin America (NASDAQ:LILA) Director Purchases $100,450.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Charles Bracken acquired 4,900 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $20.50 per share, with a total value of $100,450.00. Following the completion of the purchase, the director owned 18,867 shares of the company’s stock, valued at approximately $386,773.50. The trade was a 35.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Stock Up 1.9%

Shares of NASDAQ:LILA opened at $7.13 on Friday. The business’s 50 day moving average is $7.60 and its 200 day moving average is $7.76. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -2.88 and a beta of 0.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. On average, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio bought a new position in Liberty Latin America during the first quarter worth about $34,000. Russell Investments Group Ltd. lifted its stake in shares of Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after buying an additional 2,070 shares in the last quarter. Danske Bank A S bought a new position in Liberty Latin America in the 3rd quarter worth approximately $56,000. Quantbot Technologies LP grew its stake in Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after buying an additional 6,289 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Liberty Latin America by 96.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after buying an additional 4,089 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LILA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. Morgan Stanley set a $7.00 target price on shares of Liberty Latin America in a research report on Friday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.