Liberty Latin America Ltd. (NASDAQ:LILA) Major Shareholder Purchases $747,231.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) major shareholder John C. Malone bought 106,900 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was acquired at an average cost of $6.99 per share, for a total transaction of $747,231.00. Following the acquisition, the insider now directly owns 8,827,614 shares of the company’s stock, valued at $61,705,021.86. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Liberty Latin America Stock Performance

NASDAQ LILA traded down $0.06 during trading hours on Thursday, hitting $6.97. The company had a trading volume of 887,603 shares, compared to its average volume of 452,013. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.13 and a current ratio of 1.13. Liberty Latin America Ltd. has a 1-year low of $5.90 and a 1-year high of $9.85. The company has a market cap of $1.43 billion, a PE ratio of -26.81 and a beta of 1.17. The business has a 50 day moving average of $6.65 and a 200-day moving average of $7.07.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. As a group, equities research analysts expect that Liberty Latin America Ltd. will post -0.64 EPS for the current year.

Hedge Funds Weigh In On Liberty Latin America

Several large investors have recently bought and sold shares of the stock. Franklin Resources Inc. acquired a new stake in shares of Liberty Latin America during the first quarter worth about $25,000. Tower Research Capital LLC TRC boosted its stake in shares of Liberty Latin America by 62.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,769 shares of the company’s stock worth $33,000 after buying an additional 1,451 shares during the period. Tucker Asset Management LLC boosted its stake in shares of Liberty Latin America by 938.3% during the second quarter. Tucker Asset Management LLC now owns 4,153 shares of the company’s stock worth $36,000 after buying an additional 3,753 shares during the period. Royal Bank of Canada boosted its stake in shares of Liberty Latin America by 62.3% during the second quarter. Royal Bank of Canada now owns 4,192 shares of the company’s stock worth $36,000 after buying an additional 1,609 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Liberty Latin America during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.