Key Points
- Director John Malone purchased 28,219 Liberty Latin America shares at $8.50 each, investing $239,861.50 and increasing his direct ownership by 18.77% to 178,524 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.
- Analyst sentiment remains mixed, with a “Hold” consensus and a $10 average price target; institutional investors own 18.48% of the company.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone bought 22,477 shares of Liberty Latin America stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $8.50 per share, with a total value of $191,054.50. Following the acquisition, the director owned 150,305 shares in the company, valued at approximately $1,277,592.50. This represents a 17.58% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Liberty Latin America Trading Down 1.2%
Shares of NASDAQ:LILA opened at $8.55 on Friday. The company has a market cap of $1.72 billion, a P/E ratio of -17.45 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04. The stock's fifty day moving average price is $7.53 and its 200-day moving average price is $7.82.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Sell-side analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.
Hedge Funds Weigh In On Liberty Latin America
A number of hedge funds have recently modified their holdings of the company. Rubric Capital Management LP increased its stake in shares of 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 worth $32,400,000 after purchasing an additional 1,806,935 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company's stock worth $6,948,000 after buying an additional 715,641 shares during the period. Virtu Financial LLC increased its stake in Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company's stock worth $11,704,000 after buying an additional 484,016 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Liberty Latin America during the second quarter valued at about $3,140,000. Finally, BNP Paribas Financial Markets lifted its position in shares of 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. 18.48% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
LILA has been the subject of several research reports. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a report on Friday, June 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Latin America in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Liberty Latin America presently has an average rating of "Hold" and a consensus target price of $10.00.
Check Out Our Latest Analysis 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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