Balan Nair Acquires 164,914 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CEO Balan Nair acquired 164,914 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $6.07 per share, for a total transaction of $1,001,027.98. Following the transaction, the chief executive officer directly owned 3,276,798 shares of the company’s stock, valued at approximately $19,890,163.86. The trade was a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

Balan Nair also recently made the following trade(s):

• On Friday, May 8th, Balan Nair purchased 20,000 shares of Liberty Latin America stock. The shares were purchased at an average cost of $8.07 per share, with a total value of $161,400.00.

Liberty Latin America Price Performance

LILA stock opened at $6.58 on Thursday. The stock has a market cap of $1.33 billion, a PE ratio of -2.66 and a beta of 0.74. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04. The company has a 50-day moving average price of $7.64 and a 200 day moving average price of $7.78. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74.

Liberty Latin America (NASDAQ:LILA) last posted 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). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

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 given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $13.00.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LILA. Russell Investments Group Ltd. increased its stake in Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares during the period. Mackenzie Financial Corp lifted its holdings in Liberty Latin America by 1.6% during the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after buying an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Liberty Latin America by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after buying an additional 2,693 shares during the period. Intech Investment Management LLC boosted its position in Liberty Latin America by 29.1% in the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after buying an additional 3,524 shares during the period. Finally, Strs Ohio bought a new position in Liberty Latin America in the 1st quarter worth about $34,000. 18.48% of the stock is currently owned by institutional investors.

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.