Liberty Latin America (NASDAQ:LILA) CEO Purchases $1,001,027.98 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair acquired 164,914 shares of Liberty Latin America stock in a transaction on Thursday, June 18th. The shares were bought at an average cost of $6.07 per share, for a total transaction of $1,001,027.98. Following the completion of the transaction, the chief executive officer owned 3,276,798 shares in the company, valued at approximately $19,890,163.86. This trade represents a 5.30% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair bought 20,000 shares of Liberty Latin America stock. The stock was bought at an average cost of $8.07 per share, with a total value of $161,400.00.

Liberty Latin America Trading Up 6.1%

Shares of LILA opened at $7.00 on Friday. The firm’s 50-day moving average price is $7.62 and its 200-day moving average price is $7.77. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -2.82 and a beta of 0.74. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly 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 net margin of 11.20% and a negative return on equity of 45.66%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LILA. Russell Investments Group Ltd. increased its position in shares of Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares in the last quarter. Mackenzie Financial Corp lifted its position in Liberty Latin America by 1.6% in 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in Liberty Latin America by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after acquiring an additional 2,693 shares in the last quarter. Intech Investment Management LLC boosted its stake in Liberty Latin America by 29.1% during the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after purchasing an additional 3,524 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Liberty Latin America in the 1st quarter worth $34,000. 18.48% of the stock is owned by hedge funds and other institutional investors.

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.