Liberty Latin America (NASDAQ:LILA) Director John Malone Buys 51,832 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 51,832 shares of the stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of $8.48 per share, for a total transaction of $439,535.36. Following the completion of the purchase, the director owned 237,117 shares in the company, valued at approximately $2,010,752.16. This trade represents a 27.97% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Latin America Stock Down 0.6%

Shares of NASDAQ LILA opened at $8.56 on Wednesday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -17.47 and a beta of 0.74. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The firm has a 50-day moving average price of $7.97 and a 200 day moving average price of $7.88. 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 earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new position in shares of Liberty Latin America during the 1st quarter worth approximately $34,000. Russell Investments Group Ltd. increased its position in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares in the last quarter. Danske Bank A S purchased a new position in Liberty Latin America during the third quarter worth $56,000. Quantbot Technologies LP raised its holdings 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, State of Wyoming acquired a new position in shares of Liberty Latin America in the first quarter worth $77,000. 18.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LILA. Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a report on Thursday, August 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $10.00.

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.