Liberty Latin America (NASDAQ:LILA) Director Buys $6,569,521.38 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 1,319,181 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $4.98 per share, for a total transaction of $6,569,521.38. Following the acquisition, the director owned 21,397,127 shares in the company, valued at approximately $106,557,692.46. This trade represents a 6.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

Liberty Latin America Trading Up 1.9%

Liberty Latin America stock opened at $7.13 on Friday. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of -2.88 and a beta of 0.74. The firm has a 50-day moving average price of $7.60 and a two-hundred day moving average price of $7.76.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.09 billion. Sell-side analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LILA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. Morgan Stanley set a $7.00 target price on shares of Liberty Latin America in a research report on Friday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On Liberty Latin America

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

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.