Liberty Latin America (NASDAQ:LILA) Director John Malone Acquires 17,693 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director John Malone bought 17,693 shares of the business’s stock in a transaction on Friday, June 26th. The shares were purchased at an average cost of $7.00 per share, with a total value of $123,851.00. Following the transaction, the director owned 3,725,813 shares in the company, valued at approximately $26,080,691. The trade was a 0.48% 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 Trading Up 8.4%

Shares of NASDAQ:LILA opened at $7.73 on Tuesday. The company has a market cap of $1.56 billion, a P/E ratio of -3.12 and a beta of 0.74. The stock’s 50-day moving average is $7.58 and its 200-day moving average is $7.75. 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 quick ratio of 1.11 and a current 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. Equities research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LILA. Rubric Capital Management LP grew its position in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after buying an additional 1,806,935 shares in the last quarter. Empowered Funds LLC raised its holdings in Liberty Latin America by 9.9% in the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock valued at $2,295,000 after acquiring an additional 23,954 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after acquiring an additional 185,300 shares during the period. State of Wyoming bought a new stake in shares of Liberty Latin America in the 1st quarter worth approximately $77,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Liberty Latin America by 31.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after purchasing an additional 2,693 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LILA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a research note on Friday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.00.

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.