Liberty Latin America (NASDAQ:LILA) SVP Acquires 5,071 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) SVP John Winter bought 5,071 shares of Liberty Latin America stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of $19.67 per share, for a total transaction of $99,746.57. Following the purchase, the senior vice president owned 64,547 shares of the company’s stock, valued at $1,269,639.49. The trade was a 8.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Price Performance

LILA stock traded up $0.11 during mid-day trading on Tuesday, hitting $7.84. 970,285 shares of the stock were exchanged, compared to its average volume of 469,128. The business has a fifty day moving average price of $7.58 and a 200 day moving average price of $7.75. 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 has a market capitalization of $1.58 billion, a price-to-earnings ratio of -3.16 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Thursday, May 7th. The company reported ($0.11) EPS 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 for the quarter, compared to the consensus estimate of $1.09 billion. On average, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on LILA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. Morgan Stanley set a $7.00 target price on Liberty Latin America in a research note on Friday. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently bought and sold shares of LILA. Rubric Capital Management LP boosted its position in Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after acquiring an additional 1,806,935 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Liberty Latin America by 9.9% in the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock valued at $2,295,000 after purchasing an additional 23,954 shares during the period. Renaissance Technologies LLC boosted its position in shares of Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after purchasing an additional 185,300 shares in the last quarter. State of Wyoming purchased a new stake in Liberty Latin America in the first quarter worth $77,000. Finally, PNC Financial Services Group Inc. grew its stake in Liberty Latin America by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after purchasing an additional 2,693 shares during the period. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

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.