Liberty Latin America (NASDAQ:LILA) Stock: Insider John Malone Acquires 13,362 Shares

Key Points

• Director John Malone purchased 13,362 Liberty Latin America shares at an average price of $20.44, investing approximately $273,119 and increasing his ownership to 1,402,705 shares.
• Liberty Latin America’s shares recently traded at $8.49, near the upper end of their 52-week range, while the company reported a quarterly loss of $0.13 per share and negative profitability metrics.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating, with two Sell, one Hold, and one Buy recommendation; institutional investors own 18.48% of the company.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone bought 13,362 shares of the firm's stock in a transaction on Friday, September 25th. The stock was bought at an average price of $20.44 per share, with a total value of $273,119.28. Following the completion of the purchase, the director owned 1,402,705 shares of the company's stock, valued at $28,671,290.20. This trade represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock traded up $0.01 on Monday, reaching $8.49. 416,057 shares of the company 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. The company's 50-day moving average is $8.42 and its two-hundred day moving average is $7.98. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -17.33 and a beta of 0.74. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced 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 during the quarter, compared to the consensus estimate of $1.10 billion. As a group, research analysts expect that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Liberty Latin America during the second quarter valued at $28,000. State of Wyoming purchased a new position in Liberty Latin America during the 1st quarter worth approximately $77,000. Corient Private Wealth LP acquired a new stake in Liberty Latin America during the 2nd quarter valued at $79,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Liberty Latin America in the second quarter valued at $79,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Liberty Latin America in the second quarter worth $81,000. 18.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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