Liberty Latin America (NASDAQ:LILA) Director John Malone Acquires 400,000 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 400,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $5.92 per share, with a total value of $2,368,000.00. Following the completion of the transaction, the director owned 3,371,414 shares in the company, valued at approximately $19,958,770.88. The trade was a 13.46% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liberty Latin America Stock Performance

Shares of LILA stock opened at $6.58 on Thursday. The company has a market cap of $1.33 billion, a P/E ratio of -2.66 and a beta of 0.74. The firm has a fifty day moving average price of $7.64 and a 200 day moving average price of $7.78. The company has a current ratio of 1.11, a quick 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 posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The business 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%. Sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new stake in Liberty Latin America during the 1st quarter worth $34,000. Russell Investments Group Ltd. boosted its stake in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S purchased a new position in shares of Liberty Latin America during the third quarter worth about $56,000. Quantbot Technologies LP grew its holdings in shares of Liberty Latin America by 727.1% during the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Liberty Latin America by 96.2% during the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after purchasing an additional 4,089 shares in the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Latin America currently has a consensus rating of “Hold” and a consensus price target of $13.00.

About Liberty Latin America

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.