Liberty Latin America (NASDAQ:LILA) Director Purchases 7,945 Shares of Stock

Key Points

• Director John Malone purchased 7,945 Liberty Latin America shares at an average price of $20.43, investing approximately $162,316 and increasing his stake by 0.57% to 1,410,650 shares.
• Liberty Latin America shares traded at $8.49, near the upper end of their 12-month range, while the company reported a quarterly loss of $0.13 per share and negative net margins.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating, with two sell ratings, one hold, and one buy; institutional investors and hedge funds own 18.48% of shares.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone purchased 7,945 shares of the business's stock in a transaction that occurred on Monday, September 28th. The stock was bought at an average cost of $20.43 per share, for a total transaction of $162,316.35. Following the acquisition, the director owned 1,410,650 shares in the company, valued at approximately $28,819,579.50. The trade was a 0.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock traded up $0.01 during trading on Monday, hitting $8.49. 416,057 shares of the stock were exchanged, compared to its average volume of 481,935. 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 12 month low of $4.77 and a 12 month high of $9.04. The stock's fifty day moving average is $8.42 and its 200 day moving average is $7.98. The stock has a market cap of $1.66 billion, a PE ratio of -17.33 and a beta of 0.74.

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 for the quarter. The firm 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%. As a group, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds have recently modified their holdings of LILA. Rubric Capital Management LP raised its stake in shares of Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company's stock worth $32,400,000 after buying an additional 1,806,935 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Liberty Latin America during the second quarter valued at about $3,140,000. Renaissance Technologies LLC grew its holdings 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 acquiring an additional 185,300 shares during the period. Fourth Sail Capital LP raised its position in Liberty Latin America by 21.5% in the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company's stock worth $6,723,000 after acquiring an additional 160,981 shares in the last quarter. Finally, S&CO Inc. bought a new stake in Liberty Latin America in the second quarter worth about $1,236,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. UBS Group raised Liberty Latin America to a "hold" rating in a report on Thursday, September 3rd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Latin America in a research report on Friday, July 17th. Finally, Morgan Stanley cut Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price target for the company. in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target 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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