Liberty Latin America (NASDAQ:LILA) Director Purchases 28,219 Shares

Key Points

• Director John Malone purchased 28,219 Liberty Latin America shares at an average price of $8.50, investing approximately $239,862 and increasing his ownership by 18.77% to 178,524 shares.
• Liberty Latin America shares closed at $8.55, near the upper end of their 52-week range of $4.77 to $9.04. The company reported a quarterly loss of $0.13 per share on $1.10 billion in revenue, matching analyst estimates.
• Analyst sentiment remains mixed, with one Buy and one Sell rating, resulting in a consensus “Hold” rating and a $10.00 target price. Hedge funds and institutional investors own 18.48% of the stock.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone acquired 28,219 shares of Liberty Latin America stock in a transaction dated Thursday, August 13th. The stock was purchased at an average price of $8.50 per share, with a total value of $239,861.50. Following the completion of the purchase, the director owned 178,524 shares of the company's stock, valued at approximately $1,517,454. The trade was a 18.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Latin America Stock Performance

NASDAQ LILA traded down $0.10 during trading hours on Thursday, reaching $8.55. The stock had a trading volume of 449,729 shares, compared to its average volume of 499,852. The stock has a fifty day moving average of $7.51 and a 200 day moving average of $7.81. The stock has a market cap of $1.72 billion, a P/E ratio of -17.45 and a beta of 0.74. 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 results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors have recently made changes to their positions in LILA. Strs Ohio acquired a new position in shares of Liberty Latin America in the 1st quarter valued at $34,000. Russell Investments Group Ltd. grew its position in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company's stock valued at $46,000 after buying an additional 2,070 shares during the period. Danske Bank A S acquired a new stake in Liberty Latin America during the third quarter valued at $56,000. Quantbot Technologies LP increased its holdings in Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company's stock valued at $59,000 after buying an additional 6,289 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Liberty Latin America in the first quarter worth about $77,000. 18.48% of the stock is owned by hedge funds and other institutional investors.

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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