Liberty Latin America (NASDAQ:LILA) Director Angoitia Alfonso De Acquires 145,490 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De purchased 145,490 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of $21.00 per share, for a total transaction of $3,055,290.00. Following the completion of the transaction, the director directly owned 145,490 shares in the company, valued at $3,055,290. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De acquired 313,104 shares of Liberty Latin America stock. The shares were purchased at an average price of $20.95 per share, with a total value of $6,559,528.80.
• On Tuesday, September 1st, Angoitia Alfonso De bought 17,596 shares of Liberty Latin America stock. The stock was purchased at an average cost of $20.65 per share, with a total value of $363,357.40.

Liberty Latin America Trading Down 2.9%

LILA opened at $8.52 on Friday. The firm’s fifty day moving average is $8.08 and its two-hundred day moving average is $7.90. The firm has a market cap of $1.67 billion, a PE ratio of -17.39 and a beta of 0.74. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm 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%. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Liberty Latin America

Institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Liberty Latin America during the first quarter worth about $34,000. Russell Investments Group Ltd. raised its position in Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after buying an additional 2,070 shares during the last quarter. Danske Bank A S acquired a new stake in Liberty Latin America in the 3rd quarter valued at approximately $56,000. Quantbot Technologies LP lifted its stake in Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after acquiring an additional 6,289 shares in the last quarter. Finally, State of Wyoming bought a new stake in Liberty Latin America in the 1st quarter valued at approximately $77,000. 18.48% of the stock is currently owned by 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.