Liberty Latin America (NASDAQ:LILA) Director Buys $6,559,528.80 in Stock

Key Points

• Liberty Latin America director Angoitia Alfonso De purchased 313,104 shares for approximately $6.56 million at an average price of $20.95, increasing direct ownership by 191.99% to 476,190 shares. He also bought shares in two earlier transactions totaling about $3.42 million.
• Liberty Latin America shares fell 2.9% to $8.52, while the company reported a quarterly loss of $0.13 per share and $1.10 billion in revenue. Analysts expect a full-year loss of $0.47 per share.
• Analyst sentiment remains negative: Morgan Stanley downgraded the stock to “underweight,” and the consensus rating is “Reduce,” despite a $10 average price target.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director Angoitia Alfonso De bought 313,104 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were purchased at an average cost of $20.95 per share, with a total value of $6,559,528.80. Following the purchase, the director directly owned 476,190 shares of the company's stock, valued at $9,976,180.50. The trade was a 191.99% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Angoitia Alfonso De also recently made the following trade(s):

• On Tuesday, September 1st, Angoitia Alfonso De bought 17,596 shares of Liberty Latin America stock. The stock was acquired at an average price of $20.65 per share, with a total value of $363,357.40.
• On Monday, August 31st, Angoitia Alfonso De purchased 145,490 shares of Liberty Latin America stock. The stock was acquired at an average cost of $21.00 per share, for a total transaction of $3,055,290.00.

Liberty Latin America Trading Down 2.9%

Shares of Liberty Latin America stock traded down $0.25 on Friday, reaching $8.52. 330,800 shares of the company's stock were exchanged, compared to its average volume of 429,174. The company has a market capitalization of $1.67 billion, a P/E ratio of -17.39 and a beta of 0.74. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. 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's 50-day moving average is $8.08 and its two-hundred day moving average is $7.90.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. Sell-side analysts predict that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LILA. 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 report on Thursday, August 20th. Weiss Ratings reaffirmed 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 two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $10.00.

Institutional Trading of Liberty Latin America

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its stake 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 purchasing an additional 2,070 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Liberty Latin America by 1.6% in the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company's stock valued at $1,218,000 after buying an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Liberty Latin America by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company's stock valued at $97,000 after buying an additional 2,693 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Liberty Latin America by 1.3% during the second quarter. Citadel Advisors LLC now owns 220,052 shares of the company's stock valued at $1,725,000 after buying an additional 2,831 shares during the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Liberty Latin America by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 15,652 shares of the company's stock valued at $116,000 after buying an additional 3,524 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company's stock.

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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