Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair Acquires 22,779 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair purchased 22,779 shares of Liberty Latin America stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $4.39 per share, with a total value of $99,999.81. Following the transaction, the chief executive officer now owns 1,651,001 shares in the company, valued at approximately $7,247,894.39. The trade was a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Liberty Latin America Stock Performance

NASDAQ:LILA opened at $4.94 on Thursday. Liberty Latin America Ltd. has a fifty-two week low of $4.25 and a fifty-two week high of $10.82. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. The company has a 50 day moving average price of $5.78 and a 200 day moving average price of $6.60. The stock has a market capitalization of $972.69 million, a P/E ratio of -1.48 and a beta of 0.94.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.62). Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Analyst Ratings Changes

Separately, Barclays downgraded Liberty Latin America from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $8.00 to $6.50 in a research note on Tuesday, February 25th.

Institutional Investors Weigh In On Liberty Latin America

Large investors have recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Liberty Latin America during the fourth quarter worth $37,000. EntryPoint Capital LLC purchased a new stake in Liberty Latin America during the 4th quarter worth about $69,000. Marshall Wace LLP acquired a new position in shares of Liberty Latin America during the 4th quarter worth about $77,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Liberty Latin America by 12.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock valued at $80,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Liberty Latin America by 36.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company’s stock worth $90,000 after acquiring an additional 3,755 shares in the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.