Balan Nair Acquires 22,779 Shares of Liberty Latin America Ltd. (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair acquired 22,779 shares of the company’s stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, for a total transaction of $99,999.81. Following the acquisition, the chief executive officer now owns 1,651,001 shares of the company’s stock, valued at approximately $7,247,894.39. The trade was a 1.40% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Latin America Stock Performance

LILA opened at $4.94 on Thursday. Liberty Latin America Ltd. has a 1-year low of $4.25 and a 1-year high of $10.82. The stock has a market cap of $972.69 million, a P/E ratio of -1.48 and a beta of 0.94. The stock’s 50 day simple moving average is $5.78 and its 200 day simple moving average is $6.60. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.04 and a quick ratio of 1.06.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.62). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. As a group, equities analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently modified their holdings of LILA. KLP Kapitalforvaltning AS purchased a new position in shares of Liberty Latin America during the 4th quarter worth approximately $37,000. EntryPoint Capital LLC purchased a new stake in Liberty Latin America in the 4th quarter valued at approximately $69,000. Marshall Wace LLP acquired a new stake in Liberty Latin America during the 4th quarter valued at $77,000. Price T Rowe Associates Inc. MD increased its position in Liberty Latin America by 12.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock worth $80,000 after buying an additional 1,422 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Liberty Latin America by 36.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company’s stock worth $90,000 after buying an additional 3,755 shares in the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $8.00 to $6.50 in a research note on Tuesday, February 25th.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.