Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires 1,319,181 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 1,319,181 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost of $4.98 per share, for a total transaction of $6,569,521.38. Following the completion of the transaction, the director owned 21,397,127 shares in the company, valued at $106,557,692.46. This trade represents a 6.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Liberty Latin America Stock Performance

LILA traded up $0.64 on Wednesday, reaching $6.58. 1,687,971 shares of the stock were exchanged, compared to its average volume of 809,552. The company’s 50-day moving average price is $7.64 and its 200 day moving average price is $7.78. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $1.33 billion, a PE ratio of -2.66 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. As a group, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LILA. Russell Investments Group Ltd. boosted its holdings in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Liberty Latin America by 1.6% during the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after buying an additional 2,314 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Latin America by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after buying an additional 2,693 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Liberty Latin America by 29.1% in the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after buying an additional 3,524 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Liberty Latin America in the first quarter worth about $34,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Liberty Latin America Company Profile

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.