Liberty Latin America (NASDAQ:LILA) Director Buys 36,914 Shares

Key Points

• Director John Malone purchased 36,914 Liberty Latin America shares at an average price of $20.43, investing approximately $754,153 and increasing his direct ownership by 2.73% to 1.39 million 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 at $8.41, near its 12-month high, but analyst sentiment remained cautious: the consensus rating was “Reduce,” with a $10.00 price target and 18.48% institutional ownership.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone purchased 36,914 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were acquired at an average cost of $20.43 per share, with a total value of $754,153.02. Following the completion of the transaction, the director directly owned 1,388,040 shares of the company's stock, valued at $28,357,657.20. The trade was a 2.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Latin America Stock Performance

LILA stock traded down $0.12 during mid-day trading on Friday, hitting $8.41. The company had a trading volume of 1,195,937 shares, compared to its average volume of 485,525. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $1.65 billion, a PE ratio of -17.16 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 stock's fifty day moving average price is $8.27 and its two-hundred day moving average price is $7.95.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. On average, analysts forecast that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LILA shares. Morgan Stanley downgraded 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 report on Thursday, August 20th. UBS Group raised shares of Liberty Latin America to a "hold" rating in a report on Thursday, September 3rd. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Latin America in a research note on Friday, July 17th. One equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus price target of $10.00.

Institutional Investors Weigh In On Liberty Latin America

Hedge funds have recently bought and sold shares of the stock. Rubric Capital Management LP raised its position in shares of Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company's stock valued at $32,400,000 after buying an additional 1,806,935 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Liberty Latin America during the second quarter valued at about $3,140,000. Renaissance Technologies LLC lifted its stake in Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company's stock worth $7,470,000 after purchasing an additional 185,300 shares during the last quarter. Fourth Sail Capital LP boosted its holdings in shares of Liberty Latin America by 21.5% in the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company's stock worth $6,723,000 after purchasing an additional 160,981 shares in the last quarter. Finally, S&CO Inc. bought a new position in shares of Liberty Latin America during the 2nd quarter valued at about $1,236,000. 18.48% of the stock is currently owned by institutional investors.

About Liberty Latin America

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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