Angoitia Alfonso De Acquires 145,490 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De acquired 145,490 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average price of $21.00 per share, with a total value of $3,055,290.00. Following the completion of the transaction, the director owned 145,490 shares in the company, valued at $3,055,290. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, September 2nd, Angoitia Alfonso De bought 313,104 shares of Liberty Latin America stock. The stock was bought at an average price of $20.95 per share, for a total transaction of $6,559,528.80.
• On Tuesday, September 1st, Angoitia Alfonso De bought 17,596 shares of Liberty Latin America stock. The stock was bought at an average price of $20.65 per share, for a total transaction of $363,357.40.

Liberty Latin America Stock Performance

NASDAQ LILA opened at $8.52 on Friday. The firm’s fifty day moving average price is $8.08 and its two-hundred day moving average price is $7.90. The stock has a market cap of $1.67 billion, a PE ratio of -17.39 and a beta of 0.74. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19.

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

Institutional Trading of Liberty Latin America

A number of institutional investors and hedge funds have recently bought and sold shares of LILA. Rubric Capital Management LP raised its position in Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after purchasing an additional 1,806,935 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after buying an additional 715,641 shares during the last quarter. Virtu Financial LLC grew its position in shares of Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after buying an additional 484,016 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Liberty Latin America in the second quarter valued at about $3,140,000. Finally, BNP Paribas Financial Markets increased its stake in shares of Liberty Latin America by 604.1% in the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after buying an additional 341,794 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

More Liberty Latin America News

Here are the key news stories impacting Liberty Latin America this week:

• Positive Sentiment: Director Alfonso de Angoitia made three reported purchases totaling 476,190 shares for approximately $9.98 million between August 31 and September 2. The sizable purchases, which increased his direct ownership substantially, may signal management confidence in Liberty Latin America’s valuation and future prospects. Insider buying report
• Positive Sentiment: UBS Group upgraded Liberty Latin America to “hold”. Although the rating is not bullish, the upgrade could reduce some selling pressure and suggests UBS sees less downside than previously.
• Neutral Sentiment: The company’s latest quarter was broadly in line with expectations, with revenue of $1.10 billion versus the $1.10 billion consensus estimate. However, Liberty Latin America reported a loss of $0.13 per share, and analysts expect a full-year loss of approximately $0.47 per share.
• Negative Sentiment: Analyst sentiment remains cautious. Morgan Stanley recently downgraded LILA to “underweight” with a $7 price target, while the broader consensus rating is “Reduce.” The company also has a negative net margin and a high debt-to-equity ratio of 8.08, which could limit upside despite the insider purchases.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. UBS Group raised Liberty Latin America to a “hold” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. Finally, Morgan Stanley lowered shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $10.00.

About Liberty Latin America

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.