Liberty Latin America (NASDAQ:LILA) Stock: Insider John Malone Acquires 7,960 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 7,960 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was acquired at an average cost of $20.08 per share, for a total transaction of $159,836.80. Following the completion of the acquisition, the director directly owned 2,313,637 shares in the company, valued at approximately $46,457,830.96. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Liberty Latin America Stock Performance

LILA stock opened at $10.29 on Thursday. The company has a fifty day moving average price of $8.56 and a 200 day moving average price of $8.06. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 8.75. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $10.29.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.33). The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Latin America had a negative return on equity of 17.27% and a negative net margin of 3.86%. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

LILA has been the subject of several recent research reports. UBS Group upgraded shares of Liberty Latin America to a “hold” rating in a research note on Thursday, September 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, October 15th. Finally, Morgan Stanley downgraded 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 note on Thursday, August 20th. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus price target of $7.00.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. Russell Investments Group Ltd. increased its stake in Liberty Latin America by 5.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 21,756 shares of the company’s stock valued at $180,000 after buying an additional 1,166 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Liberty Latin America by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after acquiring an additional 2,693 shares during the period. Citadel Advisors LLC lifted its stake in shares of Liberty Latin America by 1.3% in the 2nd quarter. Citadel Advisors LLC now owns 220,052 shares of the company’s stock worth $1,725,000 after acquiring an additional 2,831 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of Liberty Latin America by 30.2% in the second quarter. Squarepoint Ops LLC now owns 15,274 shares of the company’s stock valued at $120,000 after acquiring an additional 3,543 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Liberty Latin America in the second quarter valued at about $28,000. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.