Liberty Latin America (NASDAQ:LILA) Director Acquires $590,359.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 69,454 shares of the stock in a transaction on Tuesday, September 1st. The stock was acquired at an average cost of $8.50 per share, for a total transaction of $590,359.00. Following the acquisition, the director directly owned 306,571 shares in the company, valued at $2,605,853.50. This represents a 29.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Stock Performance

NASDAQ LILA opened at $8.77 on Friday. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of -17.90 and a beta of 0.74. The business’s 50 day moving average is $8.05 and its two-hundred day moving average is $7.89. 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) 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 analysts’ expectations of $1.10 billion. Research analysts expect that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rubric Capital Management LP grew its holdings in 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 purchasing an additional 1,806,935 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Liberty Latin America by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,445,768 shares of the company’s stock worth $18,074,000 after buying an additional 78,234 shares in the last quarter. Virtu Financial LLC boosted its position in shares of Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after buying an additional 484,016 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after acquiring an additional 715,641 shares during the last quarter. Finally, Fourth Sail Capital LP grew its stake in Liberty Latin America by 21.5% in the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after acquiring an additional 160,981 shares during the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LILA has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. Morgan Stanley cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research note on Thursday, August 20th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price 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.