Liberty Latin America (NASDAQ:LILA) Director John Malone Buys 103,328 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILAGet Free Report) Director John Malone acquired 103,328 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average cost of $16.97 per share, for a total transaction of $1,753,476.16. Following the transaction, the director owned 1,335,377 shares of the company’s stock, valued at $22,661,347.69. This represents a 8.39% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Latin America Stock Up 0.7%

Liberty Latin America stock traded up $0.06 during trading hours on Tuesday, reaching $8.57. The stock had a trading volume of 592,744 shares, compared to its average volume of 499,679. The company has a market cap of $1.73 billion, a price-to-earnings ratio of -17.49 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The business’s 50 day moving average price is $7.48 and its 200-day moving average price is $7.80. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04.

Liberty Latin America (NASDAQ:LILAGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

LILA has been the topic of several analyst reports. Morgan Stanley set a $7.00 price target on shares of Liberty Latin America in a report on Friday, June 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.00.

View Our Latest Report on LILA

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently made changes to their positions in LILA. Russell Investments Group Ltd. increased its position in shares of Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares during the period. Mackenzie Financial Corp lifted its position in Liberty Latin America by 1.6% during the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock worth $1,218,000 after acquiring an additional 2,314 shares during the period. PNC Financial Services Group Inc. lifted its position in Liberty Latin America by 31.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after acquiring an additional 2,693 shares during the period. Intech Investment Management LLC grew 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 purchasing an additional 3,524 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Liberty Latin America during the 1st quarter valued at about $34,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Company Profile

(Get Free Report)

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

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