Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires $10,470.40 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 512 shares of the stock in a transaction on Tuesday, September 29th. The shares were acquired at an average cost of $20.45 per share, for a total transaction of $10,470.40. Following the purchase, the director owned 1,411,162 shares in the company, valued at approximately $28,858,262.90. This represents a 0.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Liberty Latin America Price Performance

NASDAQ LILA opened at $8.53 on Friday. The company has a 50 day simple moving average of $8.52 and a 200-day simple moving average of $8.01. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -17.41 and a beta of 0.72. 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 posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Equities research analysts predict that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Liberty Latin America by 11.6% in the second quarter. State Street Corp now owns 750,725 shares of the company’s stock valued at $5,886,000 after acquiring an additional 77,953 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Liberty Latin America during the 2nd quarter worth $81,000. Sequoia Financial Advisors LLC bought a new position in shares of Liberty Latin America during the 2nd quarter valued at $79,000. Integrated Wealth Concepts LLC bought a new position in shares of Liberty Latin America during the 2nd quarter valued at $28,000. Finally, Squarepoint Ops LLC lifted its stake in shares of Liberty Latin America by 30.2% in the 2nd quarter. Squarepoint Ops LLC now owns 15,274 shares of the company’s stock valued at $120,000 after purchasing an additional 3,543 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target on the stock. in a report on Thursday, August 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Finally, UBS Group raised Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $10.00.

About Liberty Latin America

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, fixed-line and mobile voice services, pay television and data connectivity for residential, business and government customers.

The company operates through consumer and business-focused brands, including Liberty and Flow, while its business services include dedicated connectivity, cloud solutions, managed services, cybersecurity and information technology support.