John Malone Acquires 51,832 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 51,832 shares of the stock in a transaction on Friday, August 28th. The stock was bought at an average price of $8.48 per share, for a total transaction of $439,535.36. Following the transaction, the director owned 237,117 shares in the company, valued at approximately $2,010,752.16. This represents a 27.97% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Liberty Latin America Price Performance

NASDAQ:LILA opened at $8.75 on Thursday. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of -17.86 and a beta of 0.74. The company has a 50 day moving average price of $8.01 and a 200-day moving average price of $7.89. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Equities research analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LILA shares. Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Thursday, August 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, Liberty Latin America presently has a consensus rating of “Reduce” and an average target price of $10.00.

Institutional Trading of Liberty Latin America

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new position in Liberty Latin America in the 1st quarter valued at about $34,000. Russell Investments Group Ltd. increased 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 worth $46,000 after buying an additional 2,070 shares in the last quarter. Danske Bank A S purchased a new stake in Liberty Latin America during the 3rd quarter worth approximately $56,000. Quantbot Technologies LP raised 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 valued at $59,000 after acquiring an additional 6,289 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of Liberty Latin America during the first quarter valued at approximately $77,000. 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.