Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases 13,362 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 13,362 shares of the company’s stock in a transaction on Friday, September 25th. The stock was bought at an average price of $20.44 per share, for a total transaction of $273,119.28. Following the purchase, the director owned 1,402,705 shares in the company, valued at approximately $28,671,290.20. This trade represents a 0.96% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Latin America Stock Up 0.1%

Shares of Liberty Latin America stock traded up $0.01 on Monday, hitting $8.49. 416,057 shares of the company traded hands, compared to its average volume of 481,935. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The company has a 50-day moving average price of $8.42 and a 200 day moving average price of $7.98. The company has a market cap of $1.66 billion, a PE ratio of -17.33 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS 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 net margin of 2.20% and a negative return on equity of 9.29%. Sell-side analysts predict that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Fourth Sail Capital LP lifted its position in Liberty Latin America by 21.5% during the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock worth $6,723,000 after acquiring an additional 160,981 shares during the last quarter. Cook & Bynum Capital Management LLC acquired a new stake in shares of Liberty Latin America in the second quarter valued at about $1,111,093. Renaissance Technologies LLC increased its stake in shares of Liberty Latin America by 27.3% in the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after purchasing an additional 185,300 shares during the period. S&CO Inc. acquired a new position in shares of Liberty Latin America during the 2nd quarter worth about $1,236,000. Finally, Rubric Capital Management LP lifted its position in shares of Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after purchasing an additional 1,806,935 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Liberty Latin America

Liberty Latin America Ltd. is a telecommunications company providing communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, video and mobile services, fixed-line voice, and data and connectivity solutions for businesses, governments, and other institutional customers.

The company operates through a portfolio of consumer and business brands, including C&W, Liberty, VTR, and BTC. Its operations serve markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.