Liberty Latin America (NASDAQ:LILA) Director Purchases 22,477 Shares

Key Points

• Director John Malone purchased 22,477 Liberty Latin America shares at an average price of $8.50, investing $191,054.50 and increasing his direct ownership by 17.58% to 150,305 shares.
• Liberty Latin America’s shares recently traded at $8.55, while the company reported a quarterly loss of $0.13 per share on revenue of $1.10 billion, matching analyst expectations.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $10.00; institutional investors own 18.48% of the stock.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone purchased 22,477 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $8.50 per share, with a total value of $191,054.50. Following the completion of the purchase, the director directly owned 150,305 shares in the company, valued at approximately $1,277,592.50. This represents a 17.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Liberty Latin America Stock Down 1.2%

Shares of NASDAQ LILA traded down $0.10 during trading hours on Thursday, hitting $8.55. The stock had a trading volume of 449,729 shares, compared to its average volume of 499,852. The company has a market capitalization of $1.72 billion, a P/E ratio of -17.45 and a beta of 0.74. The firm's 50-day moving average price is $7.51 and its two-hundred day moving average price is $7.81. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week 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.

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 business had revenue of $1.10 billion for 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%. Analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new position in shares of Liberty Latin America during the first quarter valued at about $104,000. Empowered Funds LLC grew its position 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 in the last quarter. Jane Street Group LLC increased 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 valued at $314,000 after acquiring an additional 34,640 shares during the period. Strs Ohio acquired a new position in Liberty Latin America in the 1st quarter valued at approximately $34,000. Finally, Geode Capital Management LLC lifted its position in shares of Liberty Latin America by 12.2% in the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company's stock worth $4,042,000 after acquiring an additional 71,873 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued 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 research note on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average 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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