Liberty Latin America (NASDAQ:LILA) CEO Balan Nair Purchases 164,914 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair acquired 164,914 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was bought at an average cost of $6.07 per share, with a total value of $1,001,027.98. Following the completion of the acquisition, the chief executive officer directly owned 3,276,798 shares in the company, valued at approximately $19,890,163.86. This represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair purchased 20,000 shares of Liberty Latin America stock. The stock was bought at an average price of $8.07 per share, for a total transaction of $161,400.00.

Liberty Latin America Stock Up 12.7%

LILA stock opened at $5.95 on Wednesday. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The business has a 50-day simple moving average of $7.67 and a 200 day simple moving average of $7.80. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. The company has a market cap of $1.20 billion, a PE ratio of -2.40 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly 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 analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. Sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

Several large investors have recently modified their holdings of the stock. Strs Ohio acquired a new position in shares of Liberty Latin America during the 1st quarter valued at $34,000. Russell Investments Group Ltd. grew its holdings in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares during the period. Danske Bank A S acquired a new stake in Liberty Latin America in the third quarter worth $56,000. Quantbot Technologies LP increased its stake in Liberty Latin America by 727.1% in 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 in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Liberty Latin America by 96.2% in 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 in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Latin America presently has a consensus rating of “Hold” and a consensus 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.