Liberty Latin America (NASDAQ:LILA) CEO Balan Nair Buys 20,000 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair acquired 20,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $8.07 per share, with a total value of $161,400.00. Following the transaction, the chief executive officer owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. This trade represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Liberty Latin America Stock Performance

Shares of LILA opened at $7.41 on Wednesday. The firm has a 50-day moving average of $8.11 and a 200-day moving average of $7.98. Liberty Latin America Ltd. has a one year low of $4.45 and a one year high of $9.04. The company has a market cap of $1.48 billion, a PE ratio of -2.99 and a beta of 0.75. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.14.

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). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities analysts forecast that Liberty Latin America Ltd. will post -0.02 earnings per share for the current year.

Institutional Trading of Liberty Latin America

A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Liberty Latin America by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,445,768 shares of the company’s stock valued at $18,074,000 after purchasing an additional 78,234 shares during the period. Rubric Capital Management LP increased its position in Liberty Latin America by 11.5% during the 4th quarter. Rubric Capital Management LP now owns 1,943,065 shares of the company’s stock worth $14,359,000 after purchasing an additional 200,000 shares in the last quarter. Virtu Financial LLC increased its position in Liberty Latin America by 52.2% during the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after purchasing an additional 484,016 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Liberty Latin America by 3.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,166,973 shares of the company’s stock worth $9,674,000 after purchasing an additional 39,044 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Liberty Latin America by 318.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after acquiring an additional 715,641 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Analyst Ratings Changes

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

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.