Charles Bracken Acquires 4,900 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Charles Bracken purchased 4,900 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were purchased at an average price of $20.50 per share, with a total value of $100,450.00. Following the completion of the purchase, the director directly owned 18,867 shares of the company’s stock, valued at $386,773.50. The trade was a 35.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Latin America Stock Performance

Liberty Latin America stock opened at $7.13 on Friday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of -2.88 and a beta of 0.74. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50-day moving average is $7.60 and its 200-day moving average is $7.76.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Equities analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Institutional Trading of Liberty Latin America

Large investors have recently bought and sold shares of the company. Rubric Capital Management LP lifted its position in shares of 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 in the last quarter. Oaktree Capital Management LP acquired a new position in Liberty Latin America in the 3rd quarter worth $7,017,000. Goldman Sachs Group Inc. boosted its position in Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after buying an additional 715,641 shares during the last quarter. Virtu Financial LLC boosted its position in Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after buying an additional 484,016 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Liberty Latin America by 604.1% during the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after acquiring an additional 341,794 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

LILA has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. Morgan Stanley set a $7.00 price target on shares of Liberty Latin America in a research report on Friday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Liberty Latin America presently has a consensus 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.