Liberty Latin America (NASDAQ:LILA) Director John Malone Acquires 22,477 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 22,477 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $8.50 per share, with a total value of $191,054.50. Following the acquisition, the director owned 150,305 shares in the company, valued at approximately $1,277,592.50. This trade represents a 17.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Liberty Latin America Stock Down 1.2%

Shares of NASDAQ LILA opened at $8.55 on Friday. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04. The firm has a market capitalization of $1.72 billion, a PE ratio of -17.45 and a beta of 0.74. The firm has a fifty day simple moving average of $7.53 and a two-hundred day simple moving average of $7.82. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Equities analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

LILA has been the subject of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a 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 research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $10.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in Liberty Latin America in the first quarter worth $34,000. Russell Investments Group Ltd. increased its holdings in shares of Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S purchased a new position in shares of Liberty Latin America in the 3rd quarter worth about $56,000. Quantbot Technologies LP boosted its stake in 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, State of Wyoming purchased a new stake in Liberty Latin America during the 1st quarter valued at about $77,000. 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.