Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Buys 313,104 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De bought 313,104 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were bought at an average cost of $20.95 per share, for a total transaction of $6,559,528.80. Following the transaction, the director owned 476,190 shares of the company’s stock, valued at $9,976,180.50. The trade was a 191.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Angoitia Alfonso De also recently made the following trade(s):

• On Tuesday, September 1st, Angoitia Alfonso De purchased 17,596 shares of Liberty Latin America stock. The stock was bought at an average cost of $20.65 per share, with a total value of $363,357.40.
• On Monday, August 31st, Angoitia Alfonso De acquired 145,490 shares of Liberty Latin America stock. The shares were bought at an average price of $21.00 per share, for a total transaction of $3,055,290.00.

Liberty Latin America Stock Down 2.9%

LILA traded down $0.25 during mid-day trading on Friday, reaching $8.52. 330,800 shares of the stock were exchanged, compared to its average volume of 429,174. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $1.67 billion, a PE ratio of -17.39 and a beta of 0.74. The company has a 50 day moving average price of $8.08 and a two-hundred day moving average price of $7.90. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. As a group, research analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Institutional Investors Weigh In On Liberty Latin America

Large investors have recently made changes to their positions in the business. Fourth Sail Capital LP grew its position in shares of Liberty Latin America by 21.5% during the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after acquiring an additional 160,981 shares during the period. Cook & Bynum Capital Management LLC bought a new stake in shares of Liberty Latin America in the 2nd quarter worth approximately $1,111,093. Renaissance Technologies LLC raised its holdings in shares of Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after purchasing an additional 185,300 shares during the period. S&CO Inc. purchased a new position in Liberty Latin America in the second quarter valued at approximately $1,236,000. Finally, Rubric Capital Management LP lifted its stake in 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 valued at $32,400,000 after purchasing an additional 1,806,935 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LILA. Morgan Stanley downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Thursday, August 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $10.00.

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.