John Malone Buys 17,693 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 17,693 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was bought at an average cost of $7.00 per share, for a total transaction of $123,851.00. Following the completion of the transaction, the director directly owned 3,725,813 shares of the company’s stock, valued at approximately $26,080,691. This trade represents a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Latin America Stock Performance

Shares of LILA stock traded up $0.60 during midday trading on Monday, hitting $7.73. 1,115,677 shares of the company were exchanged, compared to its average volume of 464,954. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The firm has a market capitalization of $1.56 billion, a P/E ratio of -3.12 and a beta of 0.74. The firm’s 50 day moving average price is $7.60 and its two-hundred day moving average price is $7.76. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results 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). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. As a group, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors have recently made changes to their positions in LILA. Russell Investments Group Ltd. grew its position in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Liberty Latin America by 1.6% in the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Liberty Latin America by 31.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after acquiring an additional 2,693 shares during the period. Intech Investment Management LLC lifted its position in shares of Liberty Latin America by 29.1% during the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after acquiring an additional 3,524 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Liberty Latin America during the 1st quarter worth $34,000. 18.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on LILA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. Morgan Stanley set a $7.00 price objective on Liberty Latin America in a report on Friday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Liberty Latin America currently has a consensus rating of “Hold” and an average target price 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.