Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone acquired 6,761 shares of the business's stock in a transaction on Friday, August 14th. The stock was acquired at an average cost of $8.50 per share, for a total transaction of $57,468.50. Following the transaction, the director directly owned 185,285 shares in the company, valued at $1,574,922.50. The trade was a 3.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Liberty Latin America Stock Down 1.5%
NASDAQ:LILA opened at $8.38 on Wednesday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -17.10 and a beta of 0.74. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. The stock has a fifty day simple moving average of $7.58 and a 200-day simple moving average of $7.84.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.
Analyst Ratings Changes
LILA has been the topic of a number of research analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Latin America in a research note on Friday, July 17th. Morgan Stanley set a $7.00 price target on shares of 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 assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $10.00.
Check Out Our Latest Stock Report on LILA
Institutional Trading of Liberty Latin America
Institutional investors and hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP increased its position in Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company's stock valued at $32,400,000 after purchasing an additional 1,806,935 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of 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 purchasing an additional 715,641 shares during the period. Virtu Financial LLC lifted its position in shares of 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 purchasing an additional 484,016 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Liberty Latin America during the second quarter valued at approximately $3,140,000. Finally, BNP Paribas Financial Markets increased its holdings in Liberty Latin America by 604.1% during the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company's stock valued at $2,430,000 after buying an additional 341,794 shares during the period. 18.48% of the stock is currently owned by institutional investors.
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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