Balan Nair Buys 164,914 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair acquired 164,914 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average cost of $6.07 per share, with a total value of $1,001,027.98. Following the completion of the purchase, the chief executive officer owned 3,276,798 shares of the company’s stock, valued at $19,890,163.86. This trade represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were acquired at an average price of $8.07 per share, for a total transaction of $161,400.00.

Liberty Latin America Stock Up 12.7%

NASDAQ LILA traded up $0.67 during trading on Tuesday, reaching $5.95. 2,410,971 shares of the company’s stock traded hands, compared to its average volume of 425,634. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -2.40 and a beta of 0.74. The company’s 50 day simple moving average is $7.72 and its two-hundred day simple moving average is $7.82.

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

Institutional Trading of Liberty Latin America

Several hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Liberty Latin America in the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. lifted its position in 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 during the last quarter. Danske Bank A S acquired a new stake in Liberty Latin America in the third quarter valued at approximately $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 valued at $59,000 after acquiring an additional 6,289 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Liberty Latin America by 96.2% in the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after purchasing an additional 4,089 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, 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.