Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases 22,477 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 22,477 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $8.50 per share, for a total transaction of $191,054.50. Following the purchase, the director directly owned 150,305 shares of the company’s stock, valued at approximately $1,277,592.50. This represents a 17.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Liberty Latin America Price Performance

Shares of LILA stock traded down $0.10 during mid-day trading on Thursday, reaching $8.55. The company’s stock had a trading volume of 449,729 shares, compared to its average volume of 499,852. The firm’s 50-day moving average is $7.51 and its two-hundred day moving average is $7.81. The company has a market cap of $1.72 billion, a P/E ratio of -17.45 and a beta of 0.74. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. On average, research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley set a $7.00 target price on Liberty Latin America in a research report on Friday, June 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Liberty Latin America

Several hedge funds have recently modified their holdings of LILA. Strs Ohio bought a new position in shares of Liberty Latin America in the first quarter valued at approximately $34,000. Russell Investments Group Ltd. increased its holdings 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 purchasing an additional 2,070 shares in the last quarter. Danske Bank A S bought a new position in Liberty Latin America in the 3rd quarter valued at $56,000. Quantbot Technologies LP boosted its stake in Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares in the last quarter. Finally, State of Wyoming acquired a new position in Liberty Latin America in the first quarter worth $77,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.