Liberty Latin America (NASDAQ:LILA) Director Angoitia Alfonso De Purchases 17,596 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director Angoitia Alfonso De purchased 17,596 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was acquired at an average cost of $20.65 per share, with a total value of $363,357.40. Following the completion of the acquisition, the director directly owned 163,086 shares in the company, valued at approximately $3,367,725.90. This trade represents a 12.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Angoitia Alfonso De also recently made the following trade(s):

• On Wednesday, September 2nd, Angoitia Alfonso De acquired 313,104 shares of Liberty Latin America stock. The shares were acquired at an average cost of $20.95 per share, with a total value of $6,559,528.80.
• On Monday, August 31st, Angoitia Alfonso De acquired 145,490 shares of Liberty Latin America stock. The shares were acquired at an average price of $21.00 per share, for a total transaction of $3,055,290.00.

Liberty Latin America Stock Performance

Shares of NASDAQ LILA opened at $8.52 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The firm’s 50-day moving average price is $8.08 and its two-hundred day moving average price is $7.90. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. The stock has a market capitalization of $1.67 billion, a P/E ratio of -17.39 and a beta of 0.74.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LILA. Russell Investments Group Ltd. increased its holdings in shares of Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares during the period. Mackenzie Financial Corp grew its position in 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 buying an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Liberty Latin America by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after buying an additional 2,693 shares in the last quarter. Citadel Advisors LLC increased its stake in Liberty Latin America by 1.3% during the 2nd quarter. Citadel Advisors LLC now owns 220,052 shares of the company’s stock valued at $1,725,000 after buying an additional 2,831 shares during the period. Finally, Intech Investment Management LLC increased its stake in Liberty Latin America by 29.1% during the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after buying an additional 3,524 shares during the period. Institutional investors own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $10.00.

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.