Liberty Latin America (NASDAQ:LILA) Director Purchases 113,704 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone purchased 113,704 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was purchased at an average price of $10.12 per share, for a total transaction of $1,150,684.48. Following the completion of the purchase, the director owned 1,351,126 shares in the company, valued at approximately $13,673,395.12. The trade was a 9.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Liberty Latin America Stock Performance

NASDAQ:LILA traded up $0.06 on Tuesday, hitting $8.57. The stock had a trading volume of 592,744 shares, compared to its average volume of 499,679. The business’s 50-day simple moving average is $7.48 and its two-hundred day simple moving average is $7.80. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of -17.49 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 quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. As a group, research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley set a $7.00 price target on shares of Liberty Latin America in a research report on Friday, June 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fourth Sail Capital LP increased its holdings in Liberty Latin America by 21.5% in the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock worth $6,723,000 after acquiring an additional 160,981 shares in the last quarter. Renaissance Technologies LLC raised its stake in Liberty Latin America by 27.3% during 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. Rubric Capital Management LP lifted its holdings in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after purchasing an additional 1,806,935 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in Liberty Latin America by 27.1% during the fourth quarter. Handelsbanken Fonder AB now owns 34,200 shares of the company’s stock valued at $253,000 after purchasing an additional 7,300 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Liberty Latin America by 68.8% in the second quarter. Raymond James Financial Inc. now owns 17,015 shares of the company’s stock worth $104,000 after purchasing an additional 6,935 shares during the period. 18.48% of the stock is owned by hedge funds and other institutional investors.

About Liberty Latin America

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.