Christopher J. Noyes Purchases 8,000 Shares of Liberty Latin America Ltd. (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CFO Christopher J. Noyes acquired 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $4.53 per share, with a total value of $36,240.00. Following the acquisition, the chief financial officer now directly owns 231,621 shares of the company’s stock, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $5.33 on Friday. The business has a 50-day simple moving average of $5.75 and a 200-day simple moving average of $6.57. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. Liberty Latin America Ltd. has a one year low of $4.25 and a one year high of $10.82. The company has a market cap of $1.05 billion, a PE ratio of -1.60 and a beta of 0.94.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.62). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. On average, equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Trading of Liberty Latin America

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Liberty Latin America by 12.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock valued at $80,000 after acquiring an additional 1,422 shares during the last quarter. Searchlight Capital Partners L.P. increased its stake in Liberty Latin America by 3.3% in the fourth quarter. Searchlight Capital Partners L.P. now owns 45,708 shares of the company’s stock valued at $291,000 after purchasing an additional 1,444 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Liberty Latin America by 15.9% during the 4th quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock worth $93,000 after buying an additional 2,002 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Liberty Latin America by 14.7% in the 1st quarter. MetLife Investment Management LLC now owns 18,677 shares of the company’s stock valued at $118,000 after buying an additional 2,394 shares during the last quarter. Finally, Barclays PLC lifted its position in Liberty Latin America by 4.3% in the fourth quarter. Barclays PLC now owns 73,416 shares of the company’s stock valued at $467,000 after acquiring an additional 2,997 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

About Liberty Latin America

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.