Liberty Latin America (NASDAQ:LILA) Director Buys $57,468.50 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 6,761 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $8.50 per share, with a total value of $57,468.50. Following the purchase, the director owned 185,285 shares of the company’s stock, valued at approximately $1,574,922.50. This trade represents a 3.79% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Liberty Latin America Stock Performance

NASDAQ:LILA opened at $8.17 on Friday. The stock has a 50-day moving average price of $7.60 and a 200 day moving average price of $7.85. The stock has a market capitalization of $1.60 billion, a P/E ratio of -16.67 and a beta of 0.74. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on LILA. Morgan Stanley downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price on the stock. in a report on Thursday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Institutional Trading of Liberty Latin America

Hedge funds have recently made changes to their positions in the business. Rubric Capital Management LP raised its stake in shares of Liberty Latin America by 93.0% in the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after acquiring an additional 1,806,935 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Liberty Latin America by 318.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after purchasing an additional 715,641 shares during the period. Virtu Financial LLC boosted its stake in shares of Liberty Latin America by 52.2% during the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after purchasing an additional 484,016 shares during the period. Bank of New York Mellon Corp bought a new position in Liberty Latin America during the 2nd quarter valued at about $3,140,000. Finally, BNP Paribas Financial Markets raised its position in Liberty Latin America by 604.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock worth $2,430,000 after purchasing an additional 341,794 shares during the period. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

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.