Liberty Latin America (NASDAQ:LILA) Director Brendan Paddick Purchases 100,000 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan Paddick acquired 100,000 shares of Liberty Latin America stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average cost of $4.88 per share, with a total value of $488,000.00. Following the purchase, the director owned 1,559,542 shares in the company, valued at $7,610,564.96. The trade was a 6.85% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Liberty Latin America Stock Up 12.7%

Liberty Latin America stock traded up $0.67 during mid-day trading on Tuesday, hitting $5.95. 2,410,971 shares of the company’s stock were exchanged, compared to its average volume of 425,634. 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 stock has a market cap of $1.20 billion, a P/E ratio of -2.40 and a beta of 0.74. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04. The stock has a 50 day moving average of $7.72 and a two-hundred day moving average of $7.82.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LILA. AQR Capital Management LLC acquired a new stake in shares of Liberty Latin America in the first quarter valued at about $104,000. Empowered Funds LLC lifted its position in shares of Liberty Latin America by 7.3% during the 1st quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after purchasing an additional 14,547 shares during the last quarter. Jane Street Group LLC boosted its stake in Liberty Latin America by 230.6% during the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after purchasing an additional 34,640 shares during the period. Strs Ohio bought a new stake in Liberty Latin America during the 1st quarter valued at approximately $34,000. Finally, Geode Capital Management LLC boosted its stake in Liberty Latin America by 12.2% during the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after purchasing an additional 71,873 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.