Liberty Latin America (NASDAQ:LILA) Director Buys $107,067,775.69 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 12,406,463 shares of Liberty Latin America stock in a transaction on Friday, May 22nd. The shares were acquired at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the acquisition, the director owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. The trade was a 141.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Liberty Latin America Stock Up 1.1%

Shares of LILA stock opened at $8.07 on Friday. Liberty Latin America Ltd. has a 12 month low of $4.81 and a 12 month high of $9.04. The stock has a market cap of $1.63 billion, a P/E ratio of -3.25 and a beta of 0.75. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The company has a 50 day simple moving average of $8.10 and a two-hundred day simple moving average of $7.96.

Shares of Liberty Latin America are going to split before the market opens on Monday, June 1st. The 11-10 split was recently announced. The newly issued shares will be distributed to shareholders after the market closes on Sunday, May 31st.

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

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors have recently bought and sold shares of LILA. Strs Ohio bought a new position in Liberty Latin America during the first quarter valued at $34,000. Russell Investments Group Ltd. lifted 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 purchasing an additional 2,070 shares during the last quarter. Danske Bank A S bought a new position in Liberty Latin America during the third quarter valued at $56,000. Quantbot Technologies LP lifted its position in Liberty Latin America by 727.1% during 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 during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in 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 purchasing an additional 4,089 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $13.00.

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.