John Malone Buys 113,704 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 113,704 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average price of $10.12 per share, for a total transaction of $1,150,684.48. Following the purchase, the director directly owned 1,351,126 shares in the company, valued at $13,673,395.12. The trade was a 9.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Liberty Latin America Stock Up 0.7%

NASDAQ:LILA traded up $0.06 during trading hours on Tuesday, reaching $8.57. 592,744 shares of the company traded hands, compared to its average volume of 499,679. The business’s 50-day moving average price is $7.48 and its two-hundred day moving average price is $7.80. The stock has a market capitalization of $1.73 billion, a P/E ratio of -17.49 and a beta of 0.74. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. Morgan Stanley set a $7.00 price target on shares of Liberty Latin America in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Liberty Latin America has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Investors Weigh In On Liberty Latin America

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC bought a new position in Liberty Latin America during the 1st quarter valued at about $104,000. Empowered Funds LLC grew its stake in shares of Liberty Latin America by 7.3% in the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after acquiring an additional 14,547 shares during the period. Jane Street Group LLC raised its holdings in shares of Liberty Latin America by 230.6% during the first quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after purchasing an additional 34,640 shares during the last quarter. Strs Ohio purchased a new position in shares of Liberty Latin America during the first quarter valued at approximately $34,000. Finally, Geode Capital Management LLC lifted its position in Liberty Latin America by 12.2% during the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after purchasing an additional 71,873 shares during the period. 18.48% of the stock is currently owned by institutional investors.

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.