Liberty Latin America (NASDAQ:LILA) Stock: Insider John Malone Purchases 7,960 Shares

Key Points

• Director John Malone bought 7,960 Liberty Latin America shares at an average of $20.08 each, spending about $159,837. The purchase increased his stake by 0.35% to 2,313,637 shares.
• The company reported a quarterly loss of $0.42 per share, missing analysts’ $0.09 loss estimate; revenue of $1.12 billion also fell short of expectations.
• Analyst sentiment was bearish: MarketBeat reported an average “Sell” rating and a $7 price target, with one Hold and two Sell ratings.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone purchased 7,960 shares of the business's stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of $20.08 per share, for a total transaction of $159,836.80. Following the transaction, the director owned 2,313,637 shares of the company's stock, valued at $46,457,830.96. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Liberty Latin America Stock Performance

NASDAQ LILA traded up $0.75 on Tuesday, reaching $10.04. The stock had a trading volume of 565,541 shares, compared to its average volume of 464,583. The stock has a market cap of $1.97 billion, a P/E ratio of -10.80 and a beta of 0.78. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $10.23. The business's 50-day moving average price is $8.50 and its 200 day moving average price is $8.04. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.33). The business had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.14 billion. Liberty Latin America had a negative return on equity of 16.82% and a negative net margin of 3.86%. As a group, equities analysts expect that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. 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 research 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 Thursday, October 15th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Sell" and an average price target of $7.00.

Institutional Investors Weigh In On Liberty Latin America

Hedge funds have recently modified their holdings of the stock. Rubric Capital Management LP increased its stake in 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 valued at $32,400,000 after buying an additional 1,806,935 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Liberty Latin America by 27.3% in the 1st 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. State Street Corp lifted its stake in shares of Liberty Latin America by 11.6% in the 2nd quarter. State Street Corp now owns 750,725 shares of the company's stock worth $5,886,000 after acquiring an additional 77,953 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Liberty Latin America in the second quarter valued at about $3,140,000. Finally, Empowered Funds LLC boosted its holdings in shares of Liberty Latin America by 9.9% in the first quarter. Empowered Funds LLC now owns 265,587 shares of the company's stock valued at $2,295,000 after acquiring an additional 23,954 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.

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