Liberty Latin America (NASDAQ:LILA) Director Purchases 145,490 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De bought 145,490 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average cost of $21.00 per share, for a total transaction of $3,055,290.00. Following the completion of the acquisition, the director directly owned 145,490 shares in the company, valued at $3,055,290. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De purchased 313,104 shares of Liberty Latin America stock. The stock was acquired at an average price of $20.95 per share, for a total transaction of $6,559,528.80.
• On Tuesday, September 1st, Angoitia Alfonso De purchased 17,596 shares of Liberty Latin America stock. The shares were acquired at an average cost of $20.65 per share, with a total value of $363,357.40.

Liberty Latin America Stock Performance

LILA stock traded down $0.25 during midday trading on Friday, reaching $8.52. 330,800 shares of the company were exchanged, compared to its average volume of 429,174. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The business has a 50-day moving average price of $8.08 and a two-hundred day moving average price of $7.90. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of -17.39 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. Equities research analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LILA. Citadel Advisors LLC grew its stake in shares of Liberty Latin America by 1.3% in the second quarter. Citadel Advisors LLC now owns 220,052 shares of the company’s stock valued at $1,725,000 after acquiring an additional 2,831 shares in the last quarter. Corient Private Wealth LP acquired a new stake in Liberty Latin America in the 2nd quarter worth about $79,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Liberty Latin America in the 2nd quarter worth about $451,000. California State Teachers Retirement System boosted its holdings in Liberty Latin America by 649.1% in the 2nd quarter. California State Teachers Retirement System now owns 198,180 shares of the company’s stock valued at $1,554,000 after purchasing an additional 171,725 shares during the period. Finally, Odyssean LLC boosted its holdings in Liberty Latin America by 129.2% in the 2nd quarter. Odyssean LLC now owns 106,141 shares of the company’s stock valued at $832,000 after purchasing an additional 59,822 shares during the period. Institutional investors own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LILA shares. Morgan Stanley cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target on the stock. in a report on Thursday, August 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $10.00.

About Liberty Latin America

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.