Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases 51,832 Shares of Stock

Key Points

• Director John Malone purchased 51,832 Liberty Latin America shares at an average price of $8.48, investing approximately $439,535 and increasing his direct stake by 27.97% to 237,117 shares.
• Liberty Latin America recently reported a quarterly loss of $0.13 per share on $1.10 billion in revenue, while analysts expect a full-year loss of $0.47 per share.
• Shares traded around $8.56, but analyst sentiment remains cautious: Morgan Stanley downgraded the stock to underweight, and the consensus rating is “Reduce,” with an average price target of $10.00.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone bought 51,832 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $8.48 per share, for a total transaction of $439,535.36. Following the acquisition, the director directly owned 237,117 shares in the company, valued at $2,010,752.16. This trade represents a 27.97% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Liberty Latin America Price Performance

NASDAQ:LILA traded down $0.05 during trading hours on Tuesday, hitting $8.56. The stock had a trading volume of 278,233 shares, compared to its average volume of 492,546. The company has a 50 day simple moving average of $7.92 and a two-hundred day simple moving average of $7.88. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of -17.47 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (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 during the quarter, compared to analysts' expectations of $1.10 billion. Research analysts forecast that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio bought a new stake in shares of Liberty Latin America during the 1st quarter worth $34,000. Russell Investments Group Ltd. increased its stake in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company's stock valued at $46,000 after acquiring an additional 2,070 shares during the last quarter. Danske Bank A S bought a new position in Liberty Latin America in the third quarter valued at $56,000. Quantbot Technologies LP raised its position in Liberty Latin America by 727.1% during the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company's stock valued at $59,000 after purchasing an additional 6,289 shares in the last quarter. Finally, State of Wyoming purchased a new stake in Liberty Latin America during the first quarter valued at about $77,000. Hedge funds and other institutional investors own 18.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LILA. Morgan Stanley cut 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 reissued 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 and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $10.00.

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.

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