Liberty Latin America (NASDAQ:LILA) Director Buys $1,753,476.16 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 103,328 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was acquired at an average price of $16.97 per share, with a total value of $1,753,476.16. Following the completion of the transaction, the director directly owned 1,335,377 shares of the company’s stock, valued at approximately $22,661,347.69. This represents a 8.39% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Latin America Trading Down 1.2%

Shares of NASDAQ:LILA opened at $8.55 on Friday. The business’s 50 day moving average price is $7.53 and its 200-day moving average price is $7.82. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -17.45 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. On average, equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors have recently added to or reduced their stakes in LILA. Russell Investments Group Ltd. raised its stake in Liberty Latin America by 58.8% during the 3rd 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 during the last quarter. Mackenzie Financial Corp grew its stake in shares of Liberty Latin America by 1.6% in the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after purchasing an additional 2,314 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Liberty Latin America by 31.4% in 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 period. Intech Investment Management LLC increased its holdings in shares of Liberty Latin America by 29.1% in the fourth quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after purchasing an additional 3,524 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Liberty Latin America during the first quarter worth approximately $34,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LILA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley set a $7.00 price target on shares of Liberty Latin America in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.00.

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.