John Malone Buys 400,000 Shares of Liberty Latin America (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone acquired 400,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of $5.92 per share, for a total transaction of $2,368,000.00. Following the transaction, the director directly owned 3,371,414 shares of the company’s stock, valued at approximately $19,958,770.88. This trade represents a 13.46% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Trading Up 6.1%

NASDAQ:LILA opened at $7.00 on Friday. The firm has a market cap of $1.41 billion, a PE ratio of -2.82 and a beta of 0.74. The stock has a fifty day moving average price of $7.62 and a 200 day moving average price of $7.77. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. 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 released 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). 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 analyst estimates of $1.09 billion. Sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Liberty Latin America

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in Liberty Latin America in the first quarter valued at $34,000. Russell Investments Group Ltd. increased 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 worth $46,000 after purchasing an additional 2,070 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Liberty Latin America during the third quarter worth about $56,000. Quantbot Technologies LP lifted its holdings in shares of Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after purchasing an additional 6,289 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Latin America by 96.2% in 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 during the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.