John Malone Buys 12,406,463 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 12,406,463 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the transaction, the director owned 21,173,018 shares in the company, valued at $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Latin America Stock Down 2.0%

LILA stock traded down $0.16 on Wednesday, reaching $7.84. 468,164 shares of the company traded hands, compared to its average volume of 345,345. Liberty Latin America Ltd. has a one year low of $4.81 and a one year high of $9.04. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $1.58 billion, a P/E ratio of -3.16 and a beta of 0.75. The firm has a fifty day simple moving average of $8.09 and a 200-day simple moving average of $7.96.

Liberty Latin America’s stock is set to split before the market opens on Monday, June 1st. The 11-10 split was recently announced. The newly created shares will be payable to shareholders after the market closes on Sunday, May 31st.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Research analysts anticipate that Liberty Latin America Ltd. will post -0.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.00.

Institutional Trading of Liberty Latin America

A number of institutional investors and hedge funds have recently modified their holdings of LILA. Strs Ohio bought a new stake in shares of Liberty Latin America in the 1st quarter worth $34,000. Russell Investments Group Ltd. increased its holdings in shares of Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares in the last quarter. Danske Bank A S bought a new stake in shares of Liberty Latin America in the 3rd quarter worth $56,000. Quantbot Technologies LP increased its holdings in shares of Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Liberty Latin America by 96.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after purchasing an additional 4,089 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

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.