John Malone Acquires 69,454 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Key Points

• John Malone purchased 69,454 Liberty Latin America shares at $8.50 each, spending approximately $590,359 and increasing his direct ownership by 29.29% to 306,571 shares.
• Liberty Latin America 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. The stock traded near $8.56, with a 52-week range of $4.77 to $9.04.
• Analyst sentiment remains negative: Morgan Stanley downgraded the stock to “underweight” with a $7 price target, and the consensus rating is “Reduce,” despite institutional investors owning 18.48% of the company.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone acquired 69,454 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The shares were acquired at an average cost of $8.50 per share, for a total transaction of $590,359.00. Following the acquisition, the director directly owned 306,571 shares of the company's stock, valued at $2,605,853.50. This trade represents a 29.29% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Liberty Latin America Price Performance

NASDAQ:LILA traded down $0.05 during trading hours on Tuesday, hitting $8.56. The company's stock had a trading volume of 278,233 shares, compared to its average volume of 492,546. The business's 50-day moving average is $7.92 and its two-hundred day moving average is $7.88. The company has a market capitalization of $1.68 billion, a PE ratio of -17.47 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company 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%. As a group, research analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in Liberty Latin America in the 1st quarter valued at about $34,000. Russell Investments Group Ltd. increased its holdings in Liberty Latin America by 58.8% during the 3rd 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 in the last quarter. Danske Bank A S acquired a new position in Liberty Latin America during the third quarter worth about $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 worth $59,000 after acquiring an additional 6,289 shares during the last quarter. Finally, State of Wyoming purchased a new stake in shares of Liberty Latin America in the first quarter valued at about $77,000. Institutional investors and hedge funds own 18.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LILA. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley lowered Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price target on the stock. in a research note on Thursday, August 20th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $10.00.

About Liberty Latin America

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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