Liberty Latin America (NASDAQ:LILA) Director John Malone Purchases 6,761 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 6,761 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $8.50 per share, for a total transaction of $57,468.50. Following the purchase, the director owned 185,285 shares of the company’s stock, valued at $1,574,922.50. This represents a 3.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Latin America Price Performance

LILA stock opened at $8.38 on Wednesday. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The company has a fifty day simple moving average of $7.58 and a two-hundred day simple moving average of $7.84. The firm has a market capitalization of $1.64 billion, a P/E ratio of -17.10 and a beta of 0.74.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Liberty Latin America

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of Liberty Latin America during the 1st quarter worth about $34,000. Russell Investments Group Ltd. grew its holdings in Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares during the last quarter. Danske Bank A S purchased a new stake in Liberty Latin America in the 3rd quarter worth about $56,000. Quantbot Technologies LP raised its position in Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares during the period. Finally, State of Wyoming bought a new stake in Liberty Latin America in the first quarter worth about $77,000. Hedge funds and other 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.