Liberty Latin America (NASDAQ:LILA) Director Buys $191,054.50 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 22,477 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $8.50 per share, with a total value of $191,054.50. Following the completion of the purchase, the director owned 150,305 shares in the company, valued at $1,277,592.50. This represents a 17.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Stock Performance

Shares of LILA stock opened at $8.62 on Friday. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The company’s 50 day moving average price is $7.55 and its two-hundred day moving average price is $7.82. The company has a market capitalization of $1.69 billion, a P/E ratio of -17.59 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share 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. Rubric Capital Management LP lifted its position 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 worth $32,400,000 after purchasing an additional 1,806,935 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after purchasing an additional 715,641 shares in the last quarter. Virtu Financial LLC grew its position in Liberty Latin America by 52.2% in the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after purchasing an additional 484,016 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in Liberty Latin America in the 2nd quarter valued at $3,140,000. Finally, BNP Paribas Financial Markets increased its stake in Liberty Latin America by 604.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after buying an additional 341,794 shares during the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley set a $7.00 price objective on Liberty Latin America in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Liberty Latin America currently has an average rating of “Hold” and an average price target of $10.00.

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.