Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires $439,535.36 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 51,832 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were acquired at an average price of $8.48 per share, for a total transaction of $439,535.36. Following the completion of the transaction, the director directly owned 237,117 shares in the company, valued at approximately $2,010,752.16. This represents a 27.97% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Latin America Stock Up 0.2%

Shares of NASDAQ:LILA opened at $8.77 on Friday. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -17.90 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. The company has a 50-day moving average price of $8.05 and a 200 day moving average price of $7.89.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Institutional Trading of Liberty Latin America

Several institutional investors have recently added to or reduced their stakes in LILA. Rubric Capital Management LP boosted its position in shares of Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after buying an additional 1,806,935 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after buying an additional 715,641 shares during the period. Virtu Financial LLC raised its holdings in shares of Liberty Latin America by 52.2% in the third 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 during the period. Bank of New York Mellon Corp bought a new stake in shares of Liberty Latin America during the 2nd quarter worth approximately $3,140,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Liberty Latin America by 604.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock worth $2,430,000 after acquiring an additional 341,794 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley lowered 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 research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” 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.