Liberty Latin America (NASDAQ:LILA) Director John Malone Purchases 12,406,463 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 12,406,463 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of $8.63 per share, with a total value of $107,067,775.69. Following the acquisition, the director owned 21,173,018 shares in the company, valued at approximately $182,723,145.34. This trade represents a 141.52% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Liberty Latin America Trading Down 2.0%

NASDAQ LILA traded down $0.16 on Wednesday, hitting $7.84. The company’s stock had a trading volume of 468,164 shares, compared to its average volume of 345,345. Liberty Latin America Ltd. has a 52-week low of $4.81 and a 52-week high of $9.04. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The company’s 50-day simple moving average is $8.09 and its 200 day simple moving average is $7.96. The firm has a market cap of $1.58 billion, a P/E ratio of -3.16 and a beta of 0.75.

Shares of Liberty Latin America are set to split before the market opens on Monday, June 1st. The 11-10 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Sunday, May 31st.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Research analysts predict that Liberty Latin America Ltd. will post -0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LILA. Strs Ohio bought a new position in shares of Liberty Latin America in the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. increased its position in 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 during the 3rd quarter valued at approximately $56,000. Quantbot Technologies LP increased its position in Liberty Latin America by 727.1% during 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. increased its position in Liberty Latin America by 96.2% during 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.00.

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.