Liberty Latin America Ltd. (NASDAQ:LILA) CFO Christopher J. Noyes Buys 8,000 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) CFO Christopher J. Noyes acquired 8,000 shares of the stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of $4.53 per share, with a total value of $36,240.00. Following the completion of the transaction, the chief financial officer now owns 231,621 shares in the company, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Latin America Stock Performance

Liberty Latin America stock opened at $4.94 on Thursday. The company has a market capitalization of $972.69 million, a price-to-earnings ratio of -1.48 and a beta of 0.94. 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 stock has a fifty day moving average of $5.78 and a two-hundred day moving average of $6.60. Liberty Latin America Ltd. has a fifty-two week low of $4.25 and a fifty-two week high of $10.82.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.62). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. On average, analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Analyst Ratings Changes

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

Institutional Trading of Liberty Latin America

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

Liberty Latin America Company Profile

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.