Insider Buying: Liberty Latin America (NASDAQ:LILA) CEO Acquires 164,914 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair acquired 164,914 shares of the stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $6.07 per share, with a total value of $1,001,027.98. Following the transaction, the chief executive officer directly owned 3,276,798 shares in the company, valued at approximately $19,890,163.86. This represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair bought 20,000 shares of Liberty Latin America stock. The shares were acquired at an average cost of $8.07 per share, for a total transaction of $161,400.00.

Liberty Latin America Stock Up 12.7%

NASDAQ:LILA traded up $0.67 during mid-day trading on Tuesday, hitting $5.95. 2,410,971 shares of the company’s stock traded hands, compared to its average volume of 425,634. The company has a fifty day moving average of $7.72 and a 200 day moving average of $7.82. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04. The company has a market capitalization of $1.20 billion, a P/E ratio of -2.40 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly 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). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. On average, analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in Liberty Latin America during the 1st quarter worth about $34,000. Russell Investments Group Ltd. increased its holdings in shares of Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares during the period. Danske Bank A S acquired a new position in shares of Liberty Latin America in the third quarter valued at about $56,000. Quantbot Technologies LP raised its stake in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Liberty Latin America by 96.2% in the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after purchasing an additional 4,089 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.