Liberty Latin America Ltd. (NASDAQ:LILA – Get Free Report) Director John Malone purchased 69,454 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average price of $8.50 per share, for a total transaction of $590,359.00. Following the purchase, the director owned 306,571 shares in the company, valued at $2,605,853.50. The trade was a 29.29% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
Liberty Latin America Trading Down 0.6%
Shares of LILA stock opened at $8.56 on Wednesday. The firm has a 50 day moving average price of $7.97 and a two-hundred day moving average price of $7.88. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The company has a market capitalization of $1.68 billion, a PE ratio of -17.47 and a beta of 0.74. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04.
Liberty Latin America (NASDAQ:LILA – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. As a group, analysts predict that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on LILA
Institutional Investors Weigh In On Liberty Latin America
A number of hedge funds and other institutional investors have recently made changes to their positions in LILA. Russell Investments Group Ltd. boosted its stake in shares of Liberty Latin America by 58.8% in the third 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 period. Mackenzie Financial Corp increased its stake 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. raised its holdings in Liberty Latin America by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after acquiring an additional 2,693 shares in the last quarter. Intech Investment Management LLC raised its holdings in Liberty Latin America by 29.1% in the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after acquiring an additional 3,524 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Liberty Latin America during the 1st quarter valued at $34,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.
Liberty Latin America Company Profile
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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