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

Liberty Latin America Ltd. (NASDAQ:LILAGet Free Report) CEO Balan Nair acquired 20,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the transaction, the chief executive officer owned 3,125,039 shares of the company’s stock, valued at approximately $25,219,064.73. The trade was a 0.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Liberty Latin America Stock Up 1.9%

LILA stock opened at $7.55 on Thursday. The stock’s fifty day simple moving average is $8.10 and its two-hundred day simple moving average is $7.97. The company has a current ratio of 1.11, a quick ratio of 1.14 and a debt-to-equity ratio of 7.74. Liberty Latin America Ltd. has a 1-year low of $4.76 and a 1-year high of $9.04. The stock has a market cap of $1.51 billion, a P/E ratio of -3.04 and a beta of 0.75.

Liberty Latin America (NASDAQ:LILAGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Analysts expect that Liberty Latin America Ltd. will post -0.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LILA. Strs Ohio purchased a new position in shares of Liberty Latin America during the 1st quarter valued at $34,000. Russell Investments Group Ltd. lifted its position in shares of Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after buying an additional 2,070 shares during the last quarter. CWM LLC lifted its position in shares of Liberty Latin America by 80.7% during the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after buying an additional 2,897 shares during the last quarter. Danske Bank A S purchased a new position in shares of Liberty Latin America during the 3rd quarter valued at $56,000. Finally, Quantbot Technologies LP lifted its position in shares of Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after buying an additional 6,289 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analysts Set New Price Targets

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

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Liberty Latin America Company Profile

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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.

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