Liberty Latin America (NASDAQ:LILA) Stock: Insider John Malone Buys 1,135 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 1,135 shares of Liberty Latin America stock in a transaction that occurred on Thursday, September 24th. The shares were bought at an average price of $20.45 per share, with a total value of $23,210.75. Following the transaction, the director directly owned 1,389,343 shares in the company, valued at approximately $28,412,064.35. This trade represents a 0.08% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Liberty Latin America Stock Performance

LILA traded up $0.01 during trading on Monday, reaching $8.49. 416,057 shares of the company were exchanged, compared to its average volume of 481,935. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. The firm has a 50 day moving average of $8.42 and a 200 day moving average of $7.98. The stock has a market cap of $1.66 billion, a P/E ratio of -17.33 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on LILA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a research note on Thursday, August 20th. Finally, UBS Group upgraded shares of Liberty Latin America to a “hold” rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $10.00.

Hedge Funds Weigh In On Liberty Latin America

Several large investors have recently made changes to their positions in LILA. Rubric Capital Management LP raised 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 worth $32,400,000 after purchasing an additional 1,806,935 shares in the last quarter. Fourth Sail Capital LP boosted its holdings in Liberty Latin America by 21.5% during the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock worth $6,723,000 after buying an additional 160,981 shares in the last quarter. Renaissance Technologies LLC grew its position in Liberty Latin America by 27.3% in the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after buying an additional 185,300 shares during the last quarter. State Street Corp increased its holdings in shares of Liberty Latin America by 11.6% in the second quarter. State Street Corp now owns 750,725 shares of the company’s stock valued at $5,886,000 after buying an additional 77,953 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Liberty Latin America during the 2nd quarter valued at $3,140,000. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

Liberty Latin America Ltd. is a telecommunications company providing communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, video and mobile services, fixed-line voice, and data and connectivity solutions for businesses, governments, and other institutional customers.

The company operates through a portfolio of consumer and business brands, including C&W, Liberty, VTR, and BTC. Its operations serve markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.