John Malone Acquires 36,914 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 36,914 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, September 16th. The shares were acquired at an average cost of $20.43 per share, for a total transaction of $754,153.02. Following the acquisition, the director owned 1,388,040 shares in the company, valued at $28,357,657.20. The trade was a 2.73% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Liberty Latin America Trading Down 1.4%

NASDAQ LILA traded down $0.12 during trading on Friday, hitting $8.41. 1,195,937 shares of the company’s stock traded hands, compared to its average volume of 485,525. The stock has a fifty day moving average of $8.27 and a two-hundred day moving average of $7.95. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. The firm has a market cap of $1.65 billion, a P/E ratio of -17.16 and a beta of 0.74. 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) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. As a group, sell-side analysts expect that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LILA shares. Morgan Stanley cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a research report on Thursday, August 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Finally, UBS Group raised shares of Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Liberty Latin America currently has an average rating of “Reduce” and an average price target of $10.00.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently bought and sold shares of LILA. Rubric Capital Management LP raised its position in shares of Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after acquiring an additional 1,806,935 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after purchasing an additional 185,300 shares in the last quarter. Fourth Sail Capital LP grew its stake in Liberty Latin America by 21.5% in the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock worth $6,723,000 after purchasing an additional 160,981 shares during the period. Bank of New York Mellon Corp purchased a new stake in Liberty Latin America in the second quarter worth $3,140,000. Finally, Empowered Funds LLC raised its holdings in Liberty Latin America by 9.9% in the first quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock worth $2,295,000 after purchasing an additional 23,954 shares in the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

About Liberty Latin America

Liberty Latin America Ltd. is a telecommunications company providing communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, video and mobile services, fixed-line voice, and data and connectivity solutions for businesses, governments, and other institutional customers.

The company operates through a portfolio of consumer and business brands, including C&W, Liberty, VTR, and BTC. Its operations serve markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.