Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases 69,454 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 69,454 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $8.50 per share, for a total transaction of $590,359.00. Following the purchase, the director owned 306,571 shares in the company, valued at $2,605,853.50. This represents a 29.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Latin America Price Performance

Liberty Latin America stock traded down $0.05 during mid-day trading on Tuesday, hitting $8.56. 278,233 shares of the company were exchanged, compared to its average volume of 492,546. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50 day simple moving average is $7.92 and its two-hundred day simple moving average is $7.88. The company has a market capitalization of $1.68 billion, a P/E ratio of -17.47 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.

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 analyst estimates of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Analysts forecast that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

Several large investors have recently added to or reduced their stakes in LILA. Russell Investments Group Ltd. boosted its stake in Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Liberty Latin America by 1.6% during the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,314 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Latin America by 31.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after acquiring an additional 2,693 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Liberty Latin America by 29.1% during the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock worth $116,000 after acquiring an additional 3,524 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Liberty Latin America in the first quarter worth approximately $34,000. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LILA. Morgan Stanley lowered shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price on the stock. in a report on Thursday, August 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average 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.