Liberty Latin America (NASDAQ:LILA) Director John Malone Purchases 7,960 Shares of Company Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 7,960 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $20.08 per share, with a total value of $159,836.80. Following the acquisition, the director directly owned 2,313,637 shares in the company, valued at approximately $46,457,830.96. The trade was a 0.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Liberty Latin America Stock Up 8.1%

LILA stock opened at $10.04 on Wednesday. The firm has a market cap of $1.97 billion, a PE ratio of -10.80 and a beta of 0.78. The company has a debt-to-equity ratio of 8.75, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50 day moving average price is $8.53 and its 200-day moving average price is $8.05. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $10.23.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.33). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 3.86% and a negative return on equity of 17.27%. On average, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors have recently bought and sold shares of the company. Rubric Capital Management LP increased its stake in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after purchasing an additional 1,806,935 shares during the period. Renaissance Technologies LLC lifted its position in shares of Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after purchasing an additional 185,300 shares in the last quarter. State Street Corp boosted its stake in shares of Liberty Latin America by 11.6% in the second quarter. State Street Corp now owns 750,725 shares of the company’s stock valued at $5,886,000 after purchasing an additional 77,953 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Liberty Latin America in the second quarter valued at approximately $3,140,000. Finally, Empowered Funds LLC boosted its stake in shares of Liberty Latin America by 9.9% in the first quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock valued at $2,295,000 after purchasing an additional 23,954 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LILA has been the topic of a number of research analyst reports. UBS Group raised Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target on the stock. in a research note on Thursday, August 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Liberty Latin America currently has a consensus rating of “Sell” and a consensus target price of $7.00.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.