Key Points
- Director John Malone bought 12,406,463 shares of Liberty Latin America at an average price of $8.63, a transaction worth about $107.1 million. After the purchase, he directly owned 21,173,018 shares, boosting his position by 141.52%.
- Liberty Latin America is set to undergo an 11-for-10 stock split before the market opens on Monday, June 1, with newly created shares distributed after the close on Sunday, May 31.
- The company recently reported weaker-than-expected 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 price target of $13.00.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone acquired 12,406,463 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the acquisition, the director directly owned 21,173,018 shares in the company, valued at approximately $182,723,145.34. This trade represents a 141.52% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Liberty Latin America Price Performance
LILA stock opened at $7.84 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The company has a market capitalization of $1.58 billion, a PE ratio of -3.16 and a beta of 0.75. Liberty Latin America Ltd. has a 12-month low of $4.81 and a 12-month high of $9.04. The business's fifty day moving average price is $8.09 and its 200 day moving average price is $7.95.
Liberty Latin America's stock is going to split before the market opens on Monday, June 1st. The 11-10 split was recently announced. The newly created shares will be distributed to shareholders after the market closes on Sunday, May 31st.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced 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 business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. On average, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.02 EPS 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $13.00.
Read Our Latest Stock Analysis on Liberty Latin America
Institutional Trading of Liberty Latin America
Several hedge funds have recently added to or reduced their stakes in LILA. Rubric Capital Management LP raised its holdings in Liberty Latin America by 93.0% in the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company's stock valued at $32,400,000 after acquiring an additional 1,806,935 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in Liberty Latin America in the third quarter valued at approximately $7,017,000. Goldman Sachs Group Inc. raised its holdings in Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company's stock valued at $6,948,000 after acquiring an additional 715,641 shares in the last quarter. Virtu Financial LLC raised its holdings in Liberty Latin America by 52.2% in the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company's stock valued at $11,704,000 after acquiring an additional 484,016 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Liberty Latin America by 604.1% in the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company's stock valued at $2,430,000 after acquiring an additional 341,794 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company's stock.
About Liberty Latin America
(
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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