Liberty Latin America Ltd. (NASDAQ:LILA – Get Free Report) Director John Malone bought 336,706 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of $6.96 per share, for a total transaction of $2,343,473.76. Following the completion of the purchase, the director directly owned 3,708,120 shares of the company’s stock, valued at $25,808,515.20. The trade was a 9.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Liberty Latin America Trading Up 8.4%
LILA traded up $0.60 during midday trading on Monday, reaching $7.73. 1,115,677 shares of the company’s stock traded hands, compared to its average volume of 464,954. The firm has a fifty day moving average of $7.60 and a two-hundred day moving average of $7.76. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -3.12 and a beta of 0.74. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04.
Liberty Latin America (NASDAQ:LILA – Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Stock Analysis on LILA
Institutional Trading of Liberty Latin America
Hedge funds have recently modified their holdings of the business. Rubric Capital Management LP increased its stake in shares of Liberty Latin America by 93.0% in the 1st 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 in the last quarter. Empowered Funds LLC lifted its position in Liberty Latin America by 9.9% during the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock valued at $2,295,000 after acquiring an additional 23,954 shares during the period. Renaissance Technologies LLC boosted its stake in Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after acquiring an additional 185,300 shares in the last quarter. State of Wyoming bought a new stake in Liberty Latin America during the first quarter worth about $77,000. Finally, PNC Financial Services Group Inc. grew its holdings in Liberty Latin America by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after purchasing an additional 2,693 shares during the period. Institutional investors own 18.48% of the company’s stock.
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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