Liberty Latin America Ltd. (NASDAQ:LILAK) CEO Balan Nair Buys 22,779 Shares

Liberty Latin America Ltd. (NASDAQ:LILAK) CEO Balan Nair purchased 22,779 shares of the company’s stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, with a total value of $99,999.81. Following the purchase, the chief executive officer now owns 1,651,001 shares of the company’s stock, valued at approximately $7,247,894.39. The trade was a 1.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Liberty Latin America Price Performance

Shares of LILAK opened at $5.06 on Thursday. Liberty Latin America Ltd. has a fifty-two week low of $4.23 and a fifty-two week high of $10.93. The firm’s 50-day simple moving average is $5.76 and its two-hundred day simple moving average is $6.56. The stock has a market cap of $996.31 million, a PE ratio of -1.51 and a beta of 0.92. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.55). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Liberty Latin America from a “hold” rating to a “buy” rating in a research note on Monday.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Liberty Latin America by 556.5% in the 1st quarter. Versant Capital Management Inc now owns 5,331 shares of the company’s stock worth $33,000 after purchasing an additional 4,519 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Liberty Latin America in the fourth quarter worth $41,000. Bleakley Financial Group LLC bought a new position in shares of Liberty Latin America during the fourth quarter worth $65,000. Bridgefront Capital LLC purchased a new position in Liberty Latin America during the fourth quarter valued at $65,000. Finally, Sargent Investment Group LLC bought a new stake in Liberty Latin America in the 4th quarter valued at $69,000. Institutional investors own 52.98% of the company’s stock.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.