John Malone Buys 28,219 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 28,219 shares of Liberty Latin America stock in a transaction dated Thursday, August 13th. The shares were purchased at an average cost of $8.50 per share, with a total value of $239,861.50. Following the completion of the transaction, the director directly owned 178,524 shares of the company’s stock, valued at $1,517,454. This trade represents a 18.77% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Liberty Latin America Stock Up 0.8%

Shares of Liberty Latin America stock opened at $8.62 on Friday. The business’s 50 day simple moving average is $7.55 and its 200 day simple moving average is $7.82. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. The firm has a market cap of $1.69 billion, a PE ratio of -17.59 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. On average, analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LILA has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley set a $7.00 target price on shares of Liberty Latin America in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.00.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ancora Advisors LLC acquired a new position in Liberty Latin America during the second quarter valued at approximately $382,000. Strs Ohio acquired a new position in shares of Liberty Latin America during the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. increased its position in shares of Liberty Latin America by 58.8% during 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 during the last quarter. Danske Bank A S bought a new stake in shares of Liberty Latin America during the 3rd quarter worth approximately $56,000. Finally, Quantbot Technologies LP raised its stake in shares of Liberty Latin America by 727.1% during 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. 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.