Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Purchases 17,596 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De bought 17,596 shares of Liberty Latin America stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average cost of $20.65 per share, for a total transaction of $363,357.40. Following the completion of the transaction, the director directly owned 163,086 shares in the company, valued at approximately $3,367,725.90. This trade represents a 12.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De purchased 313,104 shares of Liberty Latin America stock. The shares were acquired at an average cost of $20.95 per share, with a total value of $6,559,528.80.
• On Monday, August 31st, Angoitia Alfonso De purchased 145,490 shares of Liberty Latin America stock. The shares were acquired at an average cost of $21.00 per share, with a total value of $3,055,290.00.

Liberty Latin America Stock Down 2.9%

NASDAQ:LILA traded down $0.25 during mid-day trading on Friday, hitting $8.52. 330,800 shares of the company’s stock were exchanged, compared to its average volume of 429,174. The company has a market cap of $1.67 billion, a PE ratio of -17.39 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The business has a fifty day moving average price of $8.08 and a 200 day moving average price of $7.90.

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

Institutional Trading of Liberty Latin America

A number of institutional investors and hedge funds have recently modified their holdings of LILA. Citadel Advisors LLC raised its stake in shares of Liberty Latin America by 1.3% in the second quarter. Citadel Advisors LLC now owns 220,052 shares of the company’s stock worth $1,725,000 after purchasing an additional 2,831 shares during the last quarter. Corient Private Wealth LP purchased a new stake in shares of Liberty Latin America during the second quarter valued at $79,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Liberty Latin America during the second quarter valued at $451,000. California State Teachers Retirement System boosted its position in shares of Liberty Latin America by 649.1% during the second quarter. California State Teachers Retirement System now owns 198,180 shares of the company’s stock valued at $1,554,000 after buying an additional 171,725 shares during the last quarter. Finally, Odyssean LLC increased its holdings in Liberty Latin America by 129.2% in the 2nd quarter. Odyssean LLC now owns 106,141 shares of the company’s stock worth $832,000 after buying an additional 59,822 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

LILA has been the subject of a number of analyst reports. Morgan Stanley lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Thursday, August 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $10.00.

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.