Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases $488,000.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan Paddick bought 100,000 shares of Liberty Latin America stock in a transaction dated Thursday, June 18th. The stock was acquired at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the purchase, the director directly owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. The trade was a 6.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Liberty Latin America Trading Up 6.1%

LILA opened at $7.00 on Friday. 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 company has a market cap of $1.41 billion, a price-to-earnings ratio of -2.82 and a beta of 0.74. The firm has a 50 day simple moving average of $7.62 and a 200 day simple moving average of $7.77. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. On average, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.00.

Institutional Investors Weigh In On Liberty Latin America

Several large investors have recently bought and sold shares of LILA. Rubric Capital Management LP grew its holdings in shares of Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after buying an additional 1,806,935 shares during the period. Oaktree Capital Management LP acquired a new position in Liberty Latin America in the third quarter valued at about $7,017,000. Goldman Sachs Group Inc. increased its holdings in shares of Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after acquiring an additional 715,641 shares in the last quarter. Virtu Financial LLC increased its holdings in shares of Liberty Latin America by 52.2% in the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after acquiring an additional 484,016 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position 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 worth $2,430,000 after purchasing an additional 341,794 shares during the period. Institutional investors own 18.48% of the company’s stock.

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.