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

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 1,319,181 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was bought at an average price of $4.98 per share, for a total transaction of $6,569,521.38. Following the completion of the purchase, the director directly owned 21,397,127 shares of the company’s stock, valued at $106,557,692.46. The trade was a 6.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Latin America Stock Up 6.1%

LILA stock opened at $7.00 on Friday. The stock has a market cap of $1.41 billion, a PE ratio of -2.82 and a beta of 0.74. The firm’s 50-day simple moving average is $7.62 and its 200 day simple moving average is $7.77. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. 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 (NASDAQ:LILA) last posted its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. As a group, sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One 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, the stock presently has an average rating of “Hold” and an average target price of $13.00.

Institutional Trading of Liberty Latin America

A number of hedge funds and other institutional investors have recently made changes to their positions in LILA. Strs Ohio bought a new position in shares of Liberty Latin America in the first quarter valued at approximately $34,000. Russell Investments Group Ltd. raised its holdings in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares in the last quarter. Danske Bank A S acquired a new stake in Liberty Latin America in the third quarter worth approximately $56,000. Quantbot Technologies LP lifted its position in Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in Liberty Latin America by 96.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after purchasing an additional 4,089 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors.

About Liberty Latin America

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.