John Malone Buys 12,406,463 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 12,406,463 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the transaction, the director directly owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. This trade represents a 141.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Latin America Trading Up 1.8%

Shares of LILA stock opened at $7.98 on Friday. Liberty Latin America Ltd. has a 1 year low of $4.81 and a 1 year high of $9.04. The firm’s fifty day simple moving average is $8.09 and its 200 day simple moving average is $7.95. The firm has a market capitalization of $1.61 billion, a P/E ratio of -3.22 and a beta of 0.75. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74.

Shares of Liberty Latin America are set to split on Monday, June 1st. The 11-10 split was recently announced. The newly minted shares will be payable to shareholders after the closing bell on Sunday, May 31st.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) 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 the consensus estimate of $1.09 billion. As a group, sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $13.00.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently bought and sold shares of LILA. Rubric Capital Management LP increased its holdings in 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 valued at $32,400,000 after buying an additional 1,806,935 shares during the period. Oaktree Capital Management LP bought a new stake in Liberty Latin America in the 3rd quarter valued at $7,017,000. Goldman Sachs Group Inc. increased its holdings in Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after buying an additional 715,641 shares during the period. Virtu Financial LLC increased its holdings in Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after buying an additional 484,016 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Liberty Latin America by 604.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after buying an additional 341,794 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.