Liberty Latin America (NASDAQ:LILA) Sets New 52-Week High After Insider Buying Activity

Liberty Latin America Ltd. (NASDAQ:LILA) reached a new 52-week high during trading on Tuesday after an insider bought additional shares in the company. The company traded as high as $9.50 and last traded at $9.4010, with a volume of 15,682 shares changing hands. The stock had previously closed at $9.29.

Specifically, Director John Malone bought 3,057 shares of the stock in a transaction that occurred on Friday, November 6th. The shares were bought at an average price of $20.08 per share, for a total transaction of $61,384.56. Following the purchase, the director owned 3,057 shares in the company, valued at $61,384.56. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director John Malone bought 7,960 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average cost of $20.08 per share, with a total value of $159,836.80. Following the acquisition, the director directly owned 2,313,637 shares in the company, valued at $46,457,830.96. This trade represents a 0.35% increase in their position. The disclosure for this purchase is available in the SEC filing.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LILA. Morgan Stanley lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a research note on Thursday, August 20th. UBS Group upgraded Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, October 15th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Sell” and a consensus price target of $7.00.

Liberty Latin America Trading Up 2.5%

The firm’s 50-day moving average price is $8.56 and its 200-day moving average price is $8.06. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 8.75.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, November 4th. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.33). The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.14 billion. Liberty Latin America had a negative return on equity of 17.27% and a negative net margin of 3.86%. As a group, analysts anticipate that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of Liberty Latin America

Several hedge funds have recently bought and sold shares of the stock. State Street Corp grew its position in shares of Liberty Latin America by 7.0% during the third quarter. State Street Corp now owns 803,245 shares of the company’s stock valued at $6,651,000 after purchasing an additional 52,520 shares in the last quarter. Harbour Investments Inc. purchased a new stake in shares of Liberty Latin America in the third quarter worth about $39,000. Diversified Trust Co purchased a new stake in shares of Liberty Latin America in the third quarter worth about $584,000. Russell Investments Group Ltd. boosted its stake in Liberty Latin America by 5.7% during the third quarter. Russell Investments Group Ltd. now owns 21,756 shares of the company’s stock valued at $180,000 after buying an additional 1,166 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Liberty Latin America during the second quarter valued at approximately $81,000. 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 broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.