Liberty Latin America (NASDAQ:LILA) Director Purchases 6,761 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 6,761 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $8.50 per share, with a total value of $57,468.50. Following the acquisition, the director directly owned 185,285 shares of the company’s stock, valued at $1,574,922.50. This trade represents a 3.79% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Latin America Trading Down 1.4%

Liberty Latin America stock traded down $0.12 during midday trading on Tuesday, hitting $8.39. 345,448 shares of the stock were exchanged, compared to its average volume of 497,728. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -17.12 and a beta of 0.74. The stock’s 50-day simple moving average is $7.57 and its 200 day simple moving average is $7.83. 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 (NASDAQ:LILA) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

LILA has been the topic of several analyst reports. Morgan Stanley set a $7.00 price target on shares of Liberty Latin America in a research report on Friday, June 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.00.

Hedge Funds Weigh In On Liberty Latin America

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

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.