Liberty Latin America (NASDAQ:LILA) Hits New 12-Month High After Insider Buying Activity

Liberty Latin America Ltd. (NASDAQ:LILA) shares reached a new 52-week high on Tuesday following insider buying activity. The company traded as high as $9.50 and last traded at $9.4010, with a volume of 15,682 shares changing hands. The stock had previously closed at $9.29.

Specifically, Director John Malone acquired 3,057 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average price of $20.08 per share, with a total value of $61,384.56. Following the completion of the transaction, the director owned 3,057 shares of the company’s stock, valued at approximately $61,384.56. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John Malone bought 7,960 shares of Liberty Latin America stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average price of $20.08 per share, with a total value of $159,836.80. Following the purchase, the director owned 2,313,637 shares of the company’s stock, valued at $46,457,830.96. This trade represents a 0.35% increase in their position. The SEC filing for this purchase provides additional information.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LILA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, October 15th. Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Thursday, August 20th. Finally, UBS Group upgraded Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Liberty Latin America currently has an average rating of “Sell” and a consensus target price of $7.00.

Liberty Latin America Stock Performance

The company has a debt-to-equity ratio of 8.75, a quick ratio of 1.12 and a current ratio of 1.12. The stock’s 50 day simple moving average is $8.56 and its two-hundred day simple moving average is $8.06.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.33). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 3.86% and a negative return on equity of 17.27%. On average, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

Institutional investors have recently made changes to their positions in the business. State Street Corp lifted its stake in Liberty Latin America by 7.0% during the third quarter. State Street Corp now owns 803,245 shares of the company’s stock worth $6,651,000 after purchasing an additional 52,520 shares during the period. Harbour Investments Inc. acquired a new position in shares of Liberty Latin America in the 3rd quarter worth approximately $39,000. Diversified Trust Co acquired a new position in shares of Liberty Latin America in the 3rd quarter worth approximately $584,000. Russell Investments Group Ltd. boosted its stake in Liberty Latin America by 5.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 21,756 shares of the company’s stock valued at $180,000 after buying an additional 1,166 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in Liberty Latin America in the 2nd quarter valued at $81,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.