Liberty Latin America (NASDAQ:LILA) Director Purchases $159,836.80 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 7,960 shares of Liberty Latin America stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of $20.08 per share, with a total value of $159,836.80. Following the transaction, the director owned 2,313,637 shares of the company’s stock, valued at $46,457,830.96. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Liberty Latin America Stock Performance

LILA traded up $0.75 during trading on Tuesday, reaching $10.04. The company’s stock had a trading volume of 565,541 shares, compared to its average volume of 464,583. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. The company’s fifty day moving average price is $8.50 and its 200-day moving average price is $8.04. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $10.23. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -10.80 and a beta of 0.78.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.33). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Latin America had a negative return on equity of 16.82% and a negative net margin of 3.86%. On average, equities 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 hedge funds and other institutional investors have recently bought and sold shares of the company. Cook & Bynum Capital Management LLC purchased a new position in shares of Liberty Latin America during the 2nd quarter worth approximately $1,111,093. Renaissance Technologies LLC raised its position in shares of Liberty Latin America by 27.3% during the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after purchasing an additional 185,300 shares during the last quarter. S&CO Inc. acquired a new position in shares of Liberty Latin America during the 2nd quarter worth approximately $1,236,000. Bank of New York Mellon Corp acquired a new position in shares of Liberty Latin America during the 2nd quarter worth approximately $3,140,000. Finally, Rubric Capital Management LP lifted its stake in 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 valued at $32,400,000 after buying an additional 1,806,935 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LILA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, October 15th. Morgan Stanley downgraded Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price for the company. in a report on Thursday, August 20th. Finally, UBS Group upgraded shares of Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Liberty Latin America has an average rating of “Sell” and an average price target of $7.00.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.