Liberty Latin America (NASDAQ:LILA) Director Purchases 7,945 Shares of Company Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 7,945 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was acquired at an average price of $20.43 per share, for a total transaction of $162,316.35. Following the completion of the acquisition, the director directly owned 1,410,650 shares in the company, valued at approximately $28,819,579.50. This represents a 0.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Latin America Price Performance

LILA stock traded up $0.01 on Monday, hitting $8.49. 416,057 shares of the company’s stock traded hands, compared to its average volume of 481,935. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -17.33 and a beta of 0.74. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. The stock has a fifty day moving average of $8.42 and a 200-day moving average of $7.98.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $1.10 billion during 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%. On average, analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

Institutional investors have recently made changes to their positions in the stock. State Street Corp increased its stake in Liberty Latin America by 11.6% in the 2nd quarter. State Street Corp now owns 750,725 shares of the company’s stock valued at $5,886,000 after buying an additional 77,953 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Liberty Latin America during the 2nd quarter valued at $81,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Liberty Latin America during the 2nd quarter valued at $79,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Liberty Latin America during the 2nd quarter valued at $28,000. Finally, Squarepoint Ops LLC grew its holdings in shares of Liberty Latin America by 30.2% during the 2nd 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 in the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Liberty Latin America Company Profile

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.