Liberty Latin America (NASDAQ:LILA) Director Acquires 400,000 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 400,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of $5.92 per share, with a total value of $2,368,000.00. Following the acquisition, the director owned 3,371,414 shares in the company, valued at approximately $19,958,770.88. This represents a 13.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Liberty Latin America Stock Performance

Shares of LILA stock traded up $0.64 during mid-day trading on Wednesday, reaching $6.58. The stock had a trading volume of 1,687,971 shares, compared to its average volume of 809,552. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The firm has a market cap of $1.33 billion, a PE ratio of -2.66 and a beta of 0.74. The firm’s 50 day simple moving average is $7.64 and its 200 day simple moving average is $7.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. On average, analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new position in shares of Liberty Latin America in the 1st quarter worth approximately $34,000. 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 valued at $46,000 after buying an additional 2,070 shares in the last quarter. Danske Bank A S bought a new stake in Liberty Latin America in the third quarter valued at $56,000. Quantbot Technologies LP grew its position in Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after acquiring an additional 6,289 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Liberty Latin America by 96.2% during the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after acquiring an additional 4,089 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Liberty Latin America presently has an average rating of “Hold” and an average price target of $13.00.

Liberty Latin America Company Profile

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.