Key Points
- John Malone bought 113,704 Liberty Latin America shares at an average $10.12 each, investing about $1.15 million and increasing his ownership by 9.19% to 1.35 million shares.
- Liberty Latin America reported a quarterly loss of $0.13 per share on $1.10 billion in revenue, while analysts expect a full-year loss of $0.22 per share.
- The stock opened at $8.57, with analysts holding a consensus “Hold” rating and a $10.00 target price; institutional investors own 18.48% of the company.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone purchased 113,704 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The shares were acquired at an average price of $10.12 per share, for a total transaction of $1,150,684.48. Following the completion of the transaction, the director owned 1,351,126 shares in the company, valued at $13,673,395.12. The trade was a 9.19% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Liberty Latin America Stock Performance
Shares of NASDAQ:LILA opened at $8.57 on Wednesday. The business has a fifty day moving average of $7.49 and a 200-day moving average of $7.81. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04. The firm has a market cap of $1.73 billion, a PE ratio of -17.49 and a beta of 0.74.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. On average, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have issued reports on LILA. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley set a $7.00 price target on Liberty Latin America in a research note on Friday, June 26th. 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 has an average rating of "Hold" and a consensus target price of $10.00.
Read Our Latest Analysis on LILA
Institutional Trading of Liberty Latin America
Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in Liberty Latin America during the first quarter worth about $34,000. Russell Investments Group Ltd. grew its stake in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company's stock valued at $46,000 after acquiring an additional 2,070 shares during the period. Danske Bank A S bought a new stake in shares of Liberty Latin America in the third quarter worth about $56,000. Quantbot Technologies LP increased its holdings in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company's stock worth $59,000 after acquiring an additional 6,289 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Liberty Latin America during the first quarter worth about $77,000. 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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