Liberty Latin America (NASDAQ:LILA) Director John Malone Buys 28,219 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 28,219 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of $8.50 per share, for a total transaction of $239,861.50. Following the transaction, the director owned 178,524 shares of the company’s stock, valued at approximately $1,517,454. This trade represents a 18.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Latin America Stock Down 1.2%

LILA stock opened at $8.55 on Friday. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week 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 50-day simple moving average of $7.53 and a 200-day simple moving average of $7.82. The stock has a market capitalization of $1.72 billion, a P/E ratio of -17.45 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share 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 analysts’ expectations of $1.10 billion. Equities analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC acquired a new position in shares of Liberty Latin America in the 2nd quarter valued at $82,000. Bank of New York Mellon Corp purchased a new position in Liberty Latin America during the second quarter worth about $690,000. S&CO Inc. acquired a new stake in shares of Liberty Latin America during the second quarter valued at about $469,000. Handelsbanken Fonder AB raised its stake in shares of Liberty Latin America by 37.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 46,900 shares of the company’s stock valued at $368,000 after acquiring an additional 12,700 shares during the period. Finally, Rubric Capital Management LP lifted its holdings in shares of Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after acquiring an additional 1,806,935 shares during the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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