Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires $239,861.50 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 28,219 shares of Liberty Latin America stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of $8.50 per share, with a total value of $239,861.50. Following the acquisition, the director directly owned 178,524 shares of the company’s stock, valued at approximately $1,517,454. This represents a 18.77% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $8.62 on Friday. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04. 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 stock has a market cap of $1.69 billion, a PE ratio of -17.59 and a beta of 0.74. The business has a fifty day simple moving average of $7.55 and a 200-day simple moving average of $7.82.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $1.10 billion for 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, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LILA shares. Morgan Stanley set a $7.00 target price on Liberty Latin America in a report on Friday, June 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Liberty Latin America

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rubric Capital Management LP boosted its position in Liberty Latin America by 93.0% during the first 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 last quarter. Goldman Sachs Group Inc. increased its position in Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after purchasing an additional 715,641 shares during the last quarter. Virtu Financial LLC increased its position in Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after purchasing an additional 484,016 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Liberty Latin America during the 2nd quarter worth about $3,140,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Liberty Latin America by 604.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock worth $2,430,000 after purchasing an additional 341,794 shares in the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

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.