Liberty Latin America (NASDAQ:LILA) Director Charles Bracken Purchases 4,900 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Charles Bracken acquired 4,900 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of $20.50 per share, for a total transaction of $100,450.00. Following the completion of the transaction, the director owned 18,867 shares in the company, valued at approximately $386,773.50. The trade was a 35.08% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Latin America Price Performance

Shares of Liberty Latin America stock opened at $7.00 on Friday. The business has a 50 day moving average of $7.62 and a 200 day moving average of $7.77. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The company has a market cap of $1.41 billion, a PE ratio of -2.82 and a beta of 0.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Latin America

Several hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new stake in shares of Liberty Latin America in the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. boosted its holdings in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S bought a new stake in Liberty Latin America in the third quarter worth $56,000. Quantbot Technologies LP grew its stake in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after acquiring an additional 6,289 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Liberty Latin America by 96.2% in the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after acquiring an additional 4,089 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Latin America has an average rating of “Hold” and an average price target of $13.00.

About Liberty Latin America

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.