Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Buys $273,119.28 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 13,362 shares of the company’s stock in a transaction dated Friday, September 25th. The stock was purchased at an average cost of $20.44 per share, for a total transaction of $273,119.28. Following the purchase, the director directly owned 1,402,705 shares in the company, valued at approximately $28,671,290.20. This represents a 0.96% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this link.

Liberty Latin America Trading Down 1.9%

Shares of LILA stock opened at $8.28 on Thursday. The stock has a 50-day simple moving average of $8.48 and a 200 day simple moving average of $8.00. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. The stock has a market capitalization of $1.62 billion, a P/E ratio of -16.90 and a beta of 0.74. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08.

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

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors have recently bought and sold shares of the business. Fourth Sail Capital LP lifted its position in shares of Liberty Latin America by 21.5% in the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock worth $6,723,000 after purchasing an additional 160,981 shares in the last quarter. Cook & Bynum Capital Management LLC purchased a new stake in Liberty Latin America in the 2nd quarter worth approximately $1,111,093. Renaissance Technologies LLC boosted its stake in shares of Liberty Latin America by 27.3% during the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after buying an additional 185,300 shares during the period. S&CO Inc. purchased a new position in shares of Liberty Latin America during the 2nd quarter valued at $1,236,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Liberty Latin America during the 2nd quarter valued at $3,140,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

About Liberty Latin America

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.