Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Acquires $2,368,000.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average price of $5.92 per share, with a total value of $2,368,000.00. Following the purchase, the director owned 3,371,414 shares in the company, valued at $19,958,770.88. This trade represents a 13.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Latin America Stock Performance

Shares of NASDAQ LILA opened at $7.13 on Friday. 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 business’s 50 day moving average is $7.60 and its two-hundred day moving average is $7.76. The company has a market cap of $1.44 billion, a P/E ratio of -2.88 and a beta of 0.74. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04.

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). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. On average, equities analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on LILA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a report on Friday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Liberty Latin America presently has an average rating of “Hold” and a consensus price target of $10.00.

Institutional Trading of Liberty Latin America

Institutional investors have recently modified their holdings of the company. Fourth Sail Capital LP raised 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 purchasing an additional 160,981 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in Liberty Latin America during the third quarter worth $7,017,000. Tudor Investment Corp ET AL boosted its stake in Liberty Latin America by 72.8% during the third quarter. Tudor Investment Corp ET AL now owns 273,382 shares of the company’s stock worth $2,266,000 after buying an additional 115,148 shares in the last quarter. Portland Investment Counsel Inc. bought a new stake in Liberty Latin America in the 3rd quarter valued at $589,000. Finally, Gabelli Funds LLC increased its holdings in Liberty Latin America by 7.6% in the 3rd quarter. Gabelli Funds LLC now owns 849,005 shares of the company’s stock valued at $7,038,000 after buying an additional 60,005 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.