Liberty Latin America (NASDAQ:LILA) Director Brendan Paddick Buys 100,000 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan Paddick purchased 100,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were acquired at an average price of $4.88 per share, with a total value of $488,000.00. Following the completion of the acquisition, the director owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. This trade represents a 6.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Liberty Latin America Stock Up 12.7%

Shares of NASDAQ LILA opened at $5.95 on Wednesday. The company’s fifty day simple moving average is $7.67 and its 200 day simple moving average is $7.80. The firm has a market cap of $1.20 billion, a PE ratio of -2.40 and a beta of 0.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. As a group, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.00.

Institutional Trading of Liberty Latin America

A number of institutional investors have recently made changes to their positions in the stock. Rubric Capital Management LP lifted its holdings in Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after buying an additional 1,806,935 shares during the period. Empowered Funds LLC lifted its position in Liberty Latin America by 9.9% in the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock valued at $2,295,000 after acquiring an additional 23,954 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after buying an additional 185,300 shares in the last quarter. State of Wyoming purchased a new position in Liberty Latin America in the 1st quarter worth about $77,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Liberty Latin America by 31.4% during the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after purchasing an additional 2,693 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

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.