John Malone Purchases 113,704 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 113,704 shares of the stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $10.12 per share, with a total value of $1,150,684.48. Following the acquisition, the director directly owned 1,351,126 shares of the company’s stock, valued at $13,673,395.12. This trade represents a 9.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Liberty Latin America Trading Up 0.9%

LILA opened at $8.65 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The stock’s fifty day moving average is $7.51 and its two-hundred day moving average is $7.81. The company has a market capitalization of $1.74 billion, a P/E ratio of -17.65 and a beta of 0.74. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LILA. AQR Capital Management LLC purchased a new stake in Liberty Latin America during the first quarter valued at approximately $104,000. Empowered Funds LLC increased its position in shares of Liberty Latin America by 7.3% during the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after purchasing an additional 14,547 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Liberty Latin America by 230.6% during the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after purchasing an additional 34,640 shares during the last quarter. Strs Ohio acquired a new stake in shares of Liberty Latin America in the 1st quarter worth $34,000. Finally, Geode Capital Management LLC boosted its position in shares of Liberty Latin America by 12.2% in the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock worth $4,042,000 after purchasing an additional 71,873 shares in the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on LILA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. Morgan Stanley set a $7.00 price target on Liberty Latin America in a report on Friday, June 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Liberty Latin America currently has an average rating of “Hold” and a consensus price target of $10.00.

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.