Christopher J. Noyes Acquires 8,000 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) CFO Christopher J. Noyes acquired 8,000 shares of the company’s stock in a transaction on Monday, May 12th. The shares were bought at an average price of $4.53 per share, with a total value of $36,240.00. Following the completion of the purchase, the chief financial officer now directly owns 231,621 shares of the company’s stock, valued at approximately $1,049,243.13. This represents a 3.58% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Latin America Stock Performance

NASDAQ LILAK opened at $5.43 on Friday. Liberty Latin America Ltd. has a 1-year low of $4.23 and a 1-year high of $10.93. The company has a 50 day moving average of $5.74 and a 200-day moving average of $6.53. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -1.63 and a beta of 0.92.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.55). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion.

Institutional Trading of Liberty Latin America

Several large investors have recently made changes to their positions in LILAK. Principal Financial Group Inc. raised its position in Liberty Latin America by 3.9% in the 1st quarter. Principal Financial Group Inc. now owns 71,532 shares of the company’s stock worth $444,000 after purchasing an additional 2,652 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Liberty Latin America by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,769 shares of the company’s stock valued at $468,000 after buying an additional 2,798 shares during the period. Invesco Ltd. increased its stake in shares of Liberty Latin America by 0.7% in the 4th quarter. Invesco Ltd. now owns 639,448 shares of the company’s stock valued at $4,054,000 after buying an additional 4,233 shares during the period. Versant Capital Management Inc raised its position in shares of Liberty Latin America by 556.5% during the first quarter. Versant Capital Management Inc now owns 5,331 shares of the company’s stock worth $33,000 after acquiring an additional 4,519 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Liberty Latin America by 62.5% during the fourth quarter. KBC Group NV now owns 11,879 shares of the company’s stock valued at $75,000 after acquiring an additional 4,571 shares during the period. Institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Liberty Latin America from a “hold” rating to a “buy” rating in a report on Monday.

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.