John Malone Purchases 22,477 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 22,477 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $191,054.50. Following the acquisition, the director directly owned 150,305 shares of the company’s stock, valued at $1,277,592.50. This trade represents a 17.58% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Liberty Latin America Trading Up 0.8%

Shares of LILA stock opened at $8.62 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. The firm’s 50 day moving average price is $7.55 and its two-hundred day moving average price is $7.82. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -17.59 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) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Institutional Trading of Liberty Latin America

A number of hedge funds have recently made changes to their positions in LILA. Cook & Bynum Capital Management LLC acquired a new position in shares of Liberty Latin America during the second quarter worth $1,111,093,000. Ancora Advisors LLC purchased a new position in shares of Liberty Latin America in the second quarter valued at $382,000. Great Lakes Advisors LLC acquired a new stake in Liberty Latin America during the 2nd quarter valued at $82,000. Bank of New York Mellon Corp acquired a new stake in Liberty Latin America during the 2nd quarter valued at $690,000. Finally, S&CO Inc. purchased a new stake in Liberty Latin America during the 2nd quarter worth $469,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley set a $7.00 price target on Liberty Latin America in a report on Friday, June 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.