Liberty Latin America (NASDAQ:LILA) Director John Malone Acquires 113,704 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 113,704 shares of Liberty Latin America stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $10.12 per share, with a total value of $1,150,684.48. Following the purchase, the director owned 1,351,126 shares of the company’s stock, valued at $13,673,395.12. This trade represents a 9.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Liberty Latin America Trading Up 0.7%

Shares of LILA opened at $8.57 on Wednesday. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -17.49 and a beta of 0.74. The stock’s 50-day moving average price is $7.49 and its 200 day moving average price is $7.81.

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Liberty Latin America

Hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new position in shares of Liberty Latin America during the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. raised its stake in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S bought a new position in shares of Liberty Latin America during the third quarter valued at $56,000. Quantbot Technologies LP boosted its stake in shares of 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 purchasing an additional 6,289 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Liberty Latin America in the 1st quarter worth about $77,000. 18.48% of the stock is owned by institutional investors and hedge funds.

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.