Liberty Latin America Ltd. (NASDAQ:LILA) CFO Christopher J. Noyes Buys 8,000 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) CFO Christopher J. Noyes bought 8,000 shares of Liberty Latin America stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $4.53 per share, with a total value of $36,240.00. Following the completion of the acquisition, the chief financial officer now directly owns 231,621 shares of the company’s stock, valued at approximately $1,049,243.13. The trade was a 3.58% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Liberty Latin America Stock Up 7.9%

LILA stock opened at $5.33 on Friday. The stock has a market capitalization of $1.05 billion, a PE ratio of -1.60 and a beta of 0.94. The company has a fifty day moving average of $5.75 and a 200-day moving average of $6.57. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. Liberty Latin America Ltd. has a one year low of $4.25 and a one year high of $10.82.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.62). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. As a group, analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Institutional Trading of Liberty Latin America

Several hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its holdings in Liberty Latin America by 12.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock worth $80,000 after acquiring an additional 1,422 shares during the period. Searchlight Capital Partners L.P. lifted its holdings in Liberty Latin America by 3.3% in the fourth quarter. Searchlight Capital Partners L.P. now owns 45,708 shares of the company’s stock valued at $291,000 after acquiring an additional 1,444 shares during the period. SG Americas Securities LLC boosted its position in shares of Liberty Latin America by 15.9% during the 4th quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock worth $93,000 after purchasing an additional 2,002 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Liberty Latin America by 14.7% during the 1st quarter. MetLife Investment Management LLC now owns 18,677 shares of the company’s stock worth $118,000 after purchasing an additional 2,394 shares during the period. Finally, Barclays PLC increased its holdings in shares of Liberty Latin America by 4.3% in the 4th quarter. Barclays PLC now owns 73,416 shares of the company’s stock valued at $467,000 after purchasing an additional 2,997 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Barclays cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $8.00 to $6.50 in a research report on Tuesday, February 25th.

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.