Liberty Latin America (NASDAQ:LILA) Director John Malone Acquires 36,914 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 36,914 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were acquired at an average cost of $20.43 per share, for a total transaction of $754,153.02. Following the completion of the transaction, the director directly owned 1,388,040 shares of the company’s stock, valued at $28,357,657.20. This trade represents a 2.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Liberty Latin America Stock Down 1.4%

Shares of Liberty Latin America stock opened at $8.41 on Friday. The stock has a 50-day moving average price of $8.29 and a 200 day moving average price of $7.95. The company has a market cap of $1.65 billion, a P/E ratio of -17.16 and a beta of 0.74. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04.

Liberty Latin America (NASDAQ:LILA) last announced 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 for the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. As a group, analysts expect that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Latin America

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its holdings in Liberty Latin America by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after buying an additional 2,693 shares during the last quarter. Citadel Advisors LLC lifted its stake in 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 during the last quarter. Squarepoint Ops LLC lifted its stake in Liberty Latin America by 30.2% in the second quarter. Squarepoint Ops LLC now owns 15,274 shares of the company’s stock valued at $120,000 after acquiring an additional 3,543 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Liberty Latin America in the second quarter worth approximately $28,000. Finally, Handelsbanken Fonder AB grew its position in Liberty Latin America by 27.1% in the fourth quarter. Handelsbanken Fonder AB now owns 34,200 shares of the company’s stock worth $253,000 after acquiring an additional 7,300 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LILA. UBS Group upgraded shares of Liberty Latin America to a “hold” rating in a research note on Thursday, September 3rd. Morgan Stanley lowered shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price for the company. in a research note on Thursday, August 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $10.00.

About Liberty Latin America

Liberty Latin America Ltd. is a telecommunications company providing communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, video and mobile services, fixed-line voice, and data and connectivity solutions for businesses, governments, and other institutional customers.

The company operates through a portfolio of consumer and business brands, including C&W, Liberty, VTR, and BTC. Its operations serve markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.