Liberty Latin America (NASDAQ:LILA) Director John Malone Buys 1,319,181 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 1,319,181 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $4.98 per share, for a total transaction of $6,569,521.38. Following the transaction, the director directly owned 21,397,127 shares in the company, valued at approximately $106,557,692.46. This represents a 6.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Latin America Stock Performance

Shares of LILA opened at $6.58 on Thursday. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The company has a market cap of $1.33 billion, a PE ratio of -2.66 and a beta of 0.74. The stock has a 50-day moving average of $7.64 and a 200-day moving average of $7.78. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. On average, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Liberty Latin America presently has an average rating of “Hold” and a consensus price target of $13.00.

Institutional Investors Weigh In On Liberty Latin America

Several hedge funds and other institutional investors have recently made changes to their positions in LILA. Strs Ohio bought a new position in Liberty Latin America in the 1st quarter valued at about $34,000. Russell Investments Group Ltd. raised its stake in shares of Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares during the last quarter. Danske Bank A S bought a new position in shares of Liberty Latin America in the third quarter valued at approximately $56,000. Quantbot Technologies LP lifted its holdings in shares of 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 purchasing an additional 6,289 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Liberty Latin America by 96.2% during the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after buying an additional 4,089 shares during the last quarter. 18.48% of the stock is owned by 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.