Insider Buying: Liberty Latin America (NASDAQ:LILA) Director Buys $188,696.74 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA – Get Free Report) Director John Malone acquired 21,013 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of $8.98 per share, for a total transaction of $188,696.74. Following the completion of the transaction, the director directly owned 1,412,175 shares in the company, valued at approximately $12,681,331.50. This represents a 1.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Liberty Latin America Price Performance

Shares of NASDAQ LILA opened at $8.53 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. The company’s 50-day moving average price is $8.52 and its 200 day moving average price is $8.01. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -17.41 and a beta of 0.72.

Liberty Latin America (NASDAQ:LILA – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. As a group, research analysts forecast that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

Institutional investors have recently modified their holdings of the company. Rubric Capital Management LP boosted its position in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after acquiring an additional 1,806,935 shares during the last quarter. Fourth Sail Capital LP grew its stake in Liberty Latin America by 21.5% in the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock worth $6,723,000 after acquiring an additional 160,981 shares during the period. Renaissance Technologies LLC raised its holdings in Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after acquiring an additional 185,300 shares during the last quarter. State Street Corp raised its holdings in Liberty Latin America by 11.6% in the 2nd quarter. State Street Corp now owns 750,725 shares of the company’s stock valued at $5,886,000 after acquiring an additional 77,953 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Liberty Latin America during the 2nd quarter worth $3,140,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on LILA shares. UBS Group upgraded Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Finally, Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Liberty Latin America has a consensus rating of “Reduce” and a consensus price target of $10.00.

View Our Latest Research Report on LILA

Liberty Latin America Company Profile

(Get Free Report)

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, fixed-line and mobile voice services, pay television and data connectivity for residential, business and government customers.

The company operates through consumer and business-focused brands, including Liberty and Flow, while its business services include dedicated connectivity, cloud solutions, managed services, cybersecurity and information technology support.

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

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