Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Buys $10,470.40 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 512 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was bought at an average price of $20.45 per share, for a total transaction of $10,470.40. Following the completion of the acquisition, the director owned 1,411,162 shares of the company’s stock, valued at approximately $28,858,262.90. The trade was a 0.04% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Liberty Latin America Stock Performance

Shares of NASDAQ LILA traded up $0.08 during mid-day trading on Thursday, reaching $8.36. 282,508 shares of the company were exchanged, compared to its average volume of 478,529. The company’s 50-day simple moving average is $8.48 and its 200-day simple moving average is $8.00. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The stock has a market capitalization of $1.64 billion, a P/E ratio of -17.06 and a beta of 0.74. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. As a group, research analysts predict that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Institutional Trading of Liberty Latin America

A number of institutional investors have recently bought and sold shares of LILA. Fourth Sail Capital LP boosted its stake in shares of Liberty Latin America by 21.5% in the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after buying an additional 160,981 shares during the period. Cook & Bynum Capital Management LLC acquired a new stake in Liberty Latin America during the second quarter worth approximately $1,111,093. Renaissance Technologies LLC increased 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. S&CO Inc. bought a new position in Liberty Latin America during the 2nd quarter worth $1,236,000. Finally, Bank of New York Mellon Corp bought a new position in Liberty Latin America during the 2nd quarter worth $3,140,000. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

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.