Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases 21,013 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 21,013 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, September 30th. The shares were purchased at an average cost of $8.98 per share, for a total transaction of $188,696.74. Following the purchase, the director directly owned 1,412,175 shares in the company, valued at $12,681,331.50. The trade was a 1.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Latin America Trading Up 1.0%

Liberty Latin America stock traded up $0.08 during mid-day trading on Thursday, hitting $8.36. 282,508 shares of the company’s stock were exchanged, compared to its average volume of 478,529. 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 quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The firm has a market capitalization of $1.64 billion, a P/E ratio of -17.06 and a beta of 0.74. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04.

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

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in Liberty Latin America in the second quarter valued at approximately $28,000. State of Wyoming bought a new stake in shares of Liberty Latin America during the 1st quarter worth approximately $77,000. Corient Private Wealth LP bought a new stake in shares of Liberty Latin America during the 2nd quarter worth approximately $79,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at approximately $79,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Liberty Latin America in the second quarter valued at $81,000. Institutional investors own 18.48% of the company’s stock.

Analyst Ratings Changes

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