Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires $188,696.74 in Stock

Key Points

• Director John Malone bought 21,013 Liberty Latin America shares at an average price of $8.98, investing $188,696.74 and increasing his ownership by 1.51% to 1,412,175 shares.
• Liberty Latin America’s stock recently traded at $8.36, near its 12-month high of $9.04, while the company reported a quarterly loss of $0.13 per share on revenue of $1.10 billion.
• Analyst sentiment remains cautious: the stock carries an average “Reduce” rating, with one Buy, one Hold, and two Sell ratings; institutional investors own 18.48% of the company.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone purchased 21,013 shares of the stock in a transaction on Wednesday, September 30th. The shares were bought at an average price of $8.98 per share, for a total transaction of $188,696.74. Following the acquisition, the director owned 1,412,175 shares of the company's stock, valued at approximately $12,681,331.50. The trade was a 1.51% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Liberty Latin America Stock Performance

LILA traded up $0.08 during trading on Thursday, hitting $8.36. The stock had a trading volume of 282,508 shares, compared to its average volume of 478,529. The firm has a market cap of $1.64 billion, a PE ratio of -17.06 and a beta of 0.74. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month 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 company has a 50 day simple moving average of $8.48 and a 200-day simple moving average of $8.00.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) 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 for the quarter, compared to analyst estimates of $1.10 billion. Analysts expect that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new position in Liberty Latin America in the second quarter valued at approximately $28,000. State of Wyoming bought a new stake in shares of Liberty Latin America during the 1st quarter valued at $77,000. Corient Private Wealth LP bought a new stake in shares of Liberty Latin America during the 2nd quarter valued at $79,000. Sequoia Financial Advisors LLC acquired a new position in shares of Liberty Latin America in the 2nd quarter valued at $79,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Liberty Latin America in the 2nd quarter valued at $81,000. 18.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LILA shares. UBS Group raised shares of Liberty Latin America to a "hold" rating in a report on Thursday, September 3rd. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Latin America in a research report on Friday, July 17th. Finally, Morgan Stanley cut shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price objective on the stock. in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Liberty Latin America presently has an average rating of "Reduce" and an average price target 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.

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