Brendan Paddick Purchases 100,000 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan Paddick bought 100,000 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $4.88 per share, with a total value of $488,000.00. Following the transaction, the director owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. The trade was a 6.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Liberty Latin America Stock Up 10.7%

LILA stock opened at $6.58 on Thursday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -2.66 and a beta of 0.74. The company has a 50-day moving average of $7.64 and a two-hundred day moving average of $7.78. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. 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 (NASDAQ:LILA) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) 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 business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Institutional Trading of Liberty Latin America

Hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in Liberty Latin America in the 1st quarter worth $34,000. Russell Investments Group Ltd. raised its position in shares of Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after buying an additional 2,070 shares during the last quarter. Danske Bank A S bought a new stake in shares of Liberty Latin America in the third quarter valued at about $56,000. Quantbot Technologies LP lifted its stake in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after buying an additional 6,289 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Liberty Latin America by 96.2% during the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after buying an additional 4,089 shares in the last quarter. 18.48% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.