John Malone Buys 6,761 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Key Points

• Director John Malone purchased 6,761 Liberty Latin America shares at $8.50 each, investing $57,468.50 and increasing his direct ownership by 3.79% to 185,285 shares.
• Liberty Latin America shares recently traded at $8.39, near the upper end of their 12-month range, while the company reported a quarterly loss of $0.13 per share on $1.10 billion in revenue.
• Institutional ownership stands at 18.48%, with several funds increasing their positions; analysts maintain a consensus “Hold” rating and a $10.00 price target, despite mixed individual ratings.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone bought 6,761 shares of the business's stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $8.50 per share, with a total value of $57,468.50. Following the purchase, the director directly owned 185,285 shares of the company's stock, valued at approximately $1,574,922.50. This represents a 3.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Liberty Latin America Price Performance

Liberty Latin America stock traded down $0.12 during midday trading on Tuesday, reaching $8.39. The company had a trading volume of 345,448 shares, compared to its average volume of 497,728. The company has a market capitalization of $1.64 billion, a P/E ratio of -17.12 and a beta of 0.74. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The firm's fifty day simple moving average is $7.57 and its 200-day simple moving average is $7.83. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) 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 firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. As a group, equities analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LILA. AQR Capital Management LLC acquired a new stake in shares of Liberty Latin America in the first quarter valued at approximately $104,000. Empowered Funds LLC boosted its stake in Liberty Latin America by 7.3% during the first quarter. Empowered Funds LLC now owns 214,637 shares of the company's stock worth $1,359,000 after buying an additional 14,547 shares during the last quarter. Jane Street Group LLC boosted its stake in Liberty Latin America by 230.6% during the first quarter. Jane Street Group LLC now owns 49,660 shares of the company's stock worth $314,000 after buying an additional 34,640 shares during the last quarter. Strs Ohio purchased a new stake in Liberty Latin America in the 1st quarter valued at $34,000. Finally, Geode Capital Management LLC grew its holdings in Liberty Latin America by 12.2% in the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company's stock valued at $4,042,000 after buying an additional 71,873 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on LILA shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley set a $7.00 price objective on Liberty Latin America in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $10.00.

Liberty Latin America Company Profile

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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