Liberty Latin America (NASDAQ:LILA) Director Acquires 336,706 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 336,706 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $6.96 per share, for a total transaction of $2,343,473.76. Following the completion of the transaction, the director owned 3,708,120 shares in the company, valued at approximately $25,808,515.20. This represents a 9.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Latin America Stock Up 8.4%

Shares of Liberty Latin America stock traded up $0.60 during midday trading on Monday, hitting $7.73. The company had a trading volume of 1,115,677 shares, compared to its average volume of 464,954. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $1.56 billion, a P/E ratio of -3.12 and a beta of 0.74. The company has a 50 day moving average of $7.60 and a 200 day moving average of $7.76.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. On average, equities analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in shares of Liberty Latin America in the 1st quarter worth $34,000. Russell Investments Group Ltd. boosted its position in shares of Liberty Latin America by 58.8% during the third 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 purchased a new stake in shares of Liberty Latin America during the third quarter valued at $56,000. Quantbot Technologies LP increased its holdings in Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after buying an additional 6,289 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Liberty Latin America by 96.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after buying an additional 4,089 shares in the last quarter. 18.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LILA has been the subject of several recent analyst reports. Morgan Stanley set a $7.00 price target on Liberty Latin America in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

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.