Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases $162,316.35 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 7,945 shares of Liberty Latin America stock in a transaction dated Monday, September 28th. The stock was bought at an average cost of $20.43 per share, with a total value of $162,316.35. Following the completion of the purchase, the director owned 1,410,650 shares in the company, valued at approximately $28,819,579.50. This trade represents a 0.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Liberty Latin America Price Performance

NASDAQ LILA opened at $8.28 on Thursday. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04. The firm has a market capitalization of $1.62 billion, a PE ratio of -16.90 and a beta of 0.74. The company’s 50 day simple moving average is $8.48 and its 200 day simple moving average is $8.00. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data 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 firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. As a group, equities research analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

Institutional investors and hedge funds have recently bought and sold shares of the business. Rubric Capital Management LP increased 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 valued at $32,400,000 after purchasing an additional 1,806,935 shares during the period. Renaissance Technologies LLC increased its stake in Liberty Latin America by 27.3% in 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. Fourth Sail Capital LP boosted its stake in shares of Liberty Latin America by 21.5% during the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after buying an additional 160,981 shares during the period. State Street Corp grew its holdings in shares of Liberty Latin America by 11.6% during the 2nd quarter. State Street Corp now owns 750,725 shares of the company’s stock valued at $5,886,000 after acquiring an additional 77,953 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Liberty Latin America in the second quarter worth $3,140,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on LILA shares. UBS Group upgraded shares of Liberty Latin America to a “hold” rating in a report on Thursday, September 3rd. 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. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One investment 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’s stock. According to data from MarketBeat, Liberty Latin America 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.