Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILA) Director Purchases 150,000 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILAGet Free Report) Director Brendan J. Paddick acquired 150,000 shares of Liberty Latin America stock in a transaction that occurred on Monday, June 24th. The stock was bought at an average cost of $9.10 per share, with a total value of $1,365,000.00. Following the acquisition, the director now directly owns 1,036,108 shares of the company’s stock, valued at $9,428,582.80. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Liberty Latin America Price Performance

LILA stock traded up $0.12 on Tuesday, hitting $9.14. 305,675 shares of the company’s stock traded hands, compared to its average volume of 415,920. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -304.57 and a beta of 1.11. Liberty Latin America Ltd. has a 1-year low of $5.90 and a 1-year high of $9.85. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.33. The stock has a fifty day moving average of $8.31 and a 200-day moving average of $7.39.

Liberty Latin America (NASDAQ:LILAGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.16). Liberty Latin America had a negative return on equity of 0.23% and a negative net margin of 0.12%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the firm posted ($0.23) EPS. On average, analysts forecast that Liberty Latin America Ltd. will post -0.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Liberty Latin America from $8.40 to $9.30 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Barclays dropped their price objective on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 7th.

Read Our Latest Report on Liberty Latin America

Institutional Trading of Liberty Latin America

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new position in shares of Liberty Latin America during the fourth quarter valued at $38,000. TFO Wealth Partners LLC boosted its position in Liberty Latin America by 17,797.6% during the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock worth $54,000 after acquiring an additional 7,297 shares during the period. Cullen Investment Group LTD. purchased a new position in Liberty Latin America during the 4th quarter valued at about $86,000. Teza Capital Management LLC acquired a new position in shares of Liberty Latin America in the 3rd quarter valued at about $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Liberty Latin America by 38.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock worth $114,000 after purchasing an additional 4,322 shares in the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Liberty Latin America (NASDAQ:LILA)

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