John Malone Acquires 17,693 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 17,693 shares of Liberty Latin America stock in a transaction dated Friday, June 26th. The stock was acquired at an average price of $7.00 per share, for a total transaction of $123,851.00. Following the completion of the acquisition, the director owned 3,725,813 shares in the company, valued at approximately $26,080,691. The trade was a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liberty Latin America Stock Up 1.4%

Shares of NASDAQ:LILA opened at $7.84 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04. The company has a 50-day moving average price of $7.57 and a 200 day moving average price of $7.75. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -3.16 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LILA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a research note on Friday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.00.

Hedge Funds Weigh In On Liberty Latin America

Large investors have recently bought and sold shares of the business. Rubric Capital Management LP grew its position in Liberty Latin America by 93.0% in the 1st 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 last quarter. Empowered Funds LLC lifted its position in shares of Liberty Latin America by 9.9% during the first quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock worth $2,295,000 after purchasing an additional 23,954 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after purchasing an additional 185,300 shares during the period. State of Wyoming purchased a new stake in shares of Liberty Latin America during the first quarter valued at $77,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Liberty Latin America by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after purchasing an additional 2,693 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

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.