John Malone Buys 69,454 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 69,454 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $8.50 per share, with a total value of $590,359.00. Following the completion of the purchase, the director owned 306,571 shares in the company, valued at approximately $2,605,853.50. This trade represents a 29.29% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Liberty Latin America Price Performance

LILA stock opened at $8.75 on Thursday. The stock has a 50-day moving average price of $8.01 and a two-hundred 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. The stock has a market cap of $1.71 billion, a PE ratio of -17.86 and a beta of 0.74. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.

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 net margin of 2.20% and a negative return on equity of 9.29%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Equities analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LILA has been the subject of several recent research reports. Morgan Stanley cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price 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 note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $10.00.

Institutional Investors Weigh In On Liberty Latin America

Several hedge funds have recently bought and sold shares of the company. Rubric Capital Management LP lifted its position in shares of Liberty Latin America by 93.0% in the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after buying an additional 1,806,935 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Liberty Latin America by 3.3% in the fourth 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 last quarter. Virtu Financial LLC increased its stake in shares of Liberty Latin America by 52.2% during the third 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 during the period. Goldman Sachs Group Inc. increased its stake in shares of Liberty Latin America by 318.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after purchasing an additional 715,641 shares during the period. Finally, Fourth Sail Capital LP lifted its holdings in Liberty Latin America by 21.5% during the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock worth $6,723,000 after purchasing an additional 160,981 shares during the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.