Liberty Latin America (NASDAQ:LILA) Director John Malone Acquires 12,406,463 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 12,406,463 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the acquisition, the director directly owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $7.84 on Thursday. Liberty Latin America Ltd. has a 52-week low of $4.81 and a 52-week high of $9.04. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of -3.16 and a beta of 0.75. The company has a fifty day simple moving average of $8.09 and a 200-day simple moving average of $7.95. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

Shares of Liberty Latin America are going to split before the market opens on Monday, June 1st. The 11-10 split was recently announced. The newly created shares will be payable to shareholders after the closing bell on Sunday, May 31st.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. On average, equities analysts anticipate that Liberty Latin America Ltd. will post -0.02 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

A number of hedge funds and other institutional investors have recently made changes to their positions in LILA. Oaktree Capital Management LP purchased a new position in shares of Liberty Latin America during the 3rd quarter worth $7,017,000. Tudor Investment Corp ET AL grew its holdings in shares of Liberty Latin America by 72.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 273,382 shares of the company’s stock worth $2,266,000 after purchasing an additional 115,148 shares during the period. Portland Investment Counsel Inc. purchased a new position in shares of Liberty Latin America during the 3rd quarter worth $589,000. State of Wyoming purchased a new position in shares of Liberty Latin America during the 1st quarter worth $77,000. Finally, Diversified Trust Co acquired a new position in shares of Liberty Latin America in the 1st quarter worth approximately $282,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

Analyst Ratings Changes

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