Key Points
- CEO Balan Nair bought 20,000 shares of Liberty Latin America at $8.07 each, a $161,400 transaction that increased his stake by 0.64% to about 3.13 million shares.
- The stock fell 3.9% and opened at $7.41, trading below both its 50-day and 200-day moving averages. Liberty Latin America also carries a high debt-to-equity ratio of 7.74.
- The company recently reported weak quarterly results, posting a loss of $0.11 per share versus expectations for a $0.03 profit. Analysts currently rate the stock a “Hold” on average, with a $13.00 price target.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) CEO Balan Nair acquired 20,000 shares of Liberty Latin America stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the chief executive officer owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. The trade was a 0.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Liberty Latin America Trading Down 3.9%
NASDAQ:LILA opened at $7.41 on Wednesday. The firm's fifty day moving average is $8.11 and its 200-day moving average is $7.98. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.14 and a current ratio of 1.11. Liberty Latin America Ltd. has a 52 week low of $4.45 and a 52 week high of $9.04. The firm has a market cap of $1.48 billion, a P/E ratio of -2.99 and a beta of 0.75.
Liberty Latin America (NASDAQ:LILA - Get Free Report) 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 net margin of 11.20% and a negative return on equity of 45.66%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Equities analysts expect that Liberty Latin America Ltd. will post -0.02 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio bought a new position in Liberty Latin America during the first quarter worth $34,000. Russell Investments Group Ltd. boosted its stake 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 acquiring an additional 2,070 shares in the last quarter. CWM LLC raised its holdings in Liberty Latin America by 80.7% during the third quarter. CWM LLC now owns 6,487 shares of the company's stock worth $54,000 after buying an additional 2,897 shares during the last quarter. Danske Bank A S acquired a new position in Liberty Latin America during the third quarter worth $56,000. Finally, Quantbot Technologies LP raised its holdings in Liberty Latin America by 727.1% during the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company's stock worth $59,000 after buying an additional 6,289 shares during the last quarter. 18.48% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Liberty Latin America has an average rating of "Hold" and an average price target of $13.00.
Get Our Latest Report on Liberty Latin America
Liberty Latin America Company Profile
(
Get Free Report)
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.
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