Liberty Latin America Ltd. (NASDAQ:LILA) Major Shareholder John C. Malone Buys 342,703 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) major shareholder John C. Malone acquired 342,703 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average cost of $6.96 per share, for a total transaction of $2,385,212.88. Following the transaction, the insider now directly owns 8,702,958 shares in the company, valued at $60,572,587.68. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Liberty Latin America Trading Down 0.9 %

Liberty Latin America stock traded down $0.06 during mid-day trading on Thursday, hitting $6.97. The company’s stock had a trading volume of 887,603 shares, compared to its average volume of 452,013. Liberty Latin America Ltd. has a one year low of $5.90 and a one year high of $9.85. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.13 and a current ratio of 1.13. The company has a 50 day moving average of $6.65 and a 200-day moving average of $7.07. The stock has a market cap of $1.43 billion, a PE ratio of -26.81 and a beta of 1.17.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 2.26% and a negative net margin of 1.21%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. On average, research analysts anticipate that Liberty Latin America Ltd. will post -0.64 EPS for the current year.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds and other institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. bought a new stake in Liberty Latin America during the first quarter valued at about $25,000. Tower Research Capital LLC TRC boosted its position in Liberty Latin America by 62.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,769 shares of the company’s stock valued at $33,000 after purchasing an additional 1,451 shares in the last quarter. Tucker Asset Management LLC boosted its position in Liberty Latin America by 938.3% during the second quarter. Tucker Asset Management LLC now owns 4,153 shares of the company’s stock valued at $36,000 after purchasing an additional 3,753 shares in the last quarter. Royal Bank of Canada boosted its position in Liberty Latin America by 62.3% during the second quarter. Royal Bank of Canada now owns 4,192 shares of the company’s stock valued at $36,000 after purchasing an additional 1,609 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Liberty Latin America during the fourth quarter valued at about $38,000. Institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.