John Malone Acquires 1,319,181 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILAGet Free Report) Director John Malone purchased 1,319,181 shares of the stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $4.98 per share, with a total value of $6,569,521.38. Following the transaction, the director directly owned 21,397,127 shares in the company, valued at approximately $106,557,692.46. This trade represents a 6.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Liberty Latin America Stock Up 10.7%

Shares of NASDAQ LILA traded up $0.64 during midday trading on Wednesday, reaching $6.58. 1,687,971 shares of the company’s stock traded hands, compared to its average volume of 809,552. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -2.66 and a beta of 0.74. The stock’s 50 day simple moving average is $7.64 and its 200-day simple moving average is $7.78. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04.

Liberty Latin America (NASDAQ:LILAGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. On average, analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $13.00.

Read Our Latest Research Report on LILA

Institutional Trading of Liberty Latin America

A number of institutional investors have recently made changes to their positions in the business. Fourth Sail Capital LP increased its holdings in shares of Liberty Latin America by 21.5% during the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after acquiring an additional 160,981 shares in the last quarter. Oaktree Capital Management LP purchased a new stake in Liberty Latin America during the 3rd quarter worth approximately $7,017,000. Tudor Investment Corp ET AL increased its stake in Liberty Latin America by 72.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 273,382 shares of the company’s stock valued at $2,266,000 after purchasing an additional 115,148 shares in the last quarter. Portland Investment Counsel Inc. acquired a new position in Liberty Latin America during the 3rd quarter valued at approximately $589,000. Finally, State of Wyoming purchased a new position in shares of Liberty Latin America in the first quarter worth $77,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

About Liberty Latin America

(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.

See Also

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

Receive News & Ratings for Liberty Latin America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Latin America and related companies with MarketBeat.com's FREE daily email newsletter.