Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires $1,753,476.16 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 103,328 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was acquired at an average price of $16.97 per share, for a total transaction of $1,753,476.16. Following the acquisition, the director owned 1,335,377 shares in the company, valued at $22,661,347.69. This trade represents a 8.39% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Latin America Stock Performance

LILA traded up $0.06 during trading on Tuesday, reaching $8.57. 592,744 shares of the company’s stock were exchanged, compared to its average volume of 499,679. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04. The company’s fifty day simple moving average is $7.48 and its 200-day simple moving average is $7.80. The stock has a market capitalization of $1.73 billion, a P/E ratio of -17.49 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. As a group, research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently made changes to their positions in LILA. Rubric Capital Management LP increased its holdings in shares of Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after purchasing an additional 1,806,935 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Liberty Latin America by 318.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after buying an additional 715,641 shares in the last quarter. Virtu Financial LLC grew its position in Liberty Latin America by 52.2% during the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after buying an additional 484,016 shares during the period. Bank of New York Mellon Corp acquired a new stake in Liberty Latin America during the second quarter valued at $3,140,000. Finally, BNP Paribas Financial Markets increased its holdings in Liberty Latin America by 604.1% in the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after buying an additional 341,794 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LILA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley set a $7.00 price objective on Liberty Latin America in a research note on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently 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.