Liberty Latin America (NASDAQ:LILA) Director John Malone Acquires 512 Shares of Company Stock

Key Points

• Director John Malone purchased 512 Liberty Latin America shares at an average price of $20.45, investing $10,470.40 and increasing his holdings to 1,411,162 shares.
• Liberty Latin America shares rose 1.0% to $8.36, while the company reported a quarterly loss of $0.13 per share on $1.10 billion in revenue. Analysts expect a full-year loss of $0.47 per share.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $10.00 target price; institutional investors own 18.48% of the company.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone bought 512 shares of the stock in a transaction that occurred on Tuesday, September 29th. The stock was bought at an average cost of $20.45 per share, for a total transaction of $10,470.40. Following the transaction, the director owned 1,411,162 shares of the company's stock, valued at $28,858,262.90. The trade was a 0.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Latin America Stock Up 1.0%

LILA traded up $0.08 on Thursday, hitting $8.36. 282,508 shares of the company were exchanged, compared to its average volume of 478,529. The stock's fifty day moving average is $8.48 and its 200-day moving average is $8.00. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month 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 company has a market cap of $1.64 billion, a PE ratio of -17.06 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings results 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%. Equities research analysts predict that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

A number of institutional investors have recently bought and sold shares of LILA. Integrated Wealth Concepts LLC bought a new stake in Liberty Latin America in the second quarter valued at approximately $28,000. State of Wyoming bought a new position in shares of Liberty Latin America during the 1st quarter worth approximately $77,000. Corient Private Wealth LP acquired a new position in shares of Liberty Latin America during the 2nd quarter worth approximately $79,000. Sequoia Financial Advisors LLC acquired a new position in shares of Liberty Latin America during the 2nd quarter worth approximately $79,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Liberty Latin America in the 2nd quarter valued at $81,000. Institutional investors and hedge funds own 18.48% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LILA. Morgan Stanley cut shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 target price for the company. in a research note 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. Finally, UBS Group upgraded shares of Liberty Latin America to a "hold" rating in a research note on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of $10.00.

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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