Liberty Latin America (NASDAQ:LILA) Director John Malone Buys 400,000 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 400,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average cost of $5.92 per share, for a total transaction of $2,368,000.00. Following the acquisition, the director owned 3,371,414 shares in the company, valued at $19,958,770.88. The trade was a 13.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Latin America Price Performance

LILA stock traded up $0.64 during trading on Wednesday, hitting $6.58. 1,687,971 shares of the stock traded hands, compared to its average volume of 809,552. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -2.66 and a beta of 0.74. The company has a 50 day simple moving average of $7.64 and a 200 day simple moving average of $7.78. 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 (NASDAQ:LILA) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. Equities analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rubric Capital Management LP raised its holdings in shares of Liberty Latin America by 93.0% in the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after buying an additional 1,806,935 shares during the last quarter. Empowered Funds LLC grew its holdings in Liberty Latin America by 9.9% during the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock worth $2,295,000 after acquiring an additional 23,954 shares during the last quarter. Renaissance Technologies LLC increased its position in Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after acquiring an additional 185,300 shares in the last quarter. State of Wyoming acquired a new stake in Liberty Latin America in the 1st quarter valued at about $77,000. Finally, PNC Financial Services Group Inc. raised its stake 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 acquiring an additional 2,693 shares during the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.