Insider Buying: Liberty Latin America (NASDAQ:LILA) SVP Acquires $99,746.57 in Stock

Liberty Latin America Ltd. (NASDAQ:LILAGet Free Report) SVP John Winter purchased 5,071 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were acquired at an average cost of $19.67 per share, for a total transaction of $99,746.57. Following the transaction, the senior vice president owned 64,547 shares of the company’s stock, valued at $1,269,639.49. This trade represents a 8.53% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Liberty Latin America Price Performance

Shares of LILA opened at $7.62 on Friday. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a 50 day simple moving average of $7.54 and a 200 day simple moving average of $7.74. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. The firm has a market capitalization of $1.53 billion, a PE ratio of -3.07 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILAGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) EPS 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

Hedge funds have recently modified their holdings of the stock. Rubric Capital Management LP raised its holdings in Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after acquiring an additional 1,806,935 shares during the period. Oaktree Capital Management LP acquired a new stake in Liberty Latin America during the third quarter worth approximately $7,017,000. Goldman Sachs Group Inc. boosted its holdings 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 acquiring an additional 715,641 shares during the period. Virtu Financial LLC boosted its holdings 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 acquiring an additional 484,016 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Liberty Latin America by 604.1% in the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after purchasing an additional 341,794 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LILA. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a research report on Friday, June 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.00.

Check Out Our Latest Analysis on LILA

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.

Further Reading

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

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