Key Points
- John Malone purchased 51,832 Liberty Latin America shares at an average price of $8.48, investing approximately $439,535 and increasing his ownership by 27.97% to 237,117 shares.
- Liberty Latin America reported quarterly revenue of $1.10 billion and an EPS loss of $0.13. The stock opened at $8.56, with a market capitalization of approximately $1.68 billion and a negative price-to-earnings ratio.
- Analyst sentiment remains cautious: Morgan Stanley downgraded the stock to “underweight” with a $7 price target, while the overall consensus rating is “Reduce.” Institutional investors own 18.48% of the company.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone purchased 51,832 shares of the stock in a transaction dated Friday, August 28th. The shares were purchased at an average price of $8.48 per share, with a total value of $439,535.36. Following the completion of the acquisition, the director owned 237,117 shares of the company's stock, valued at approximately $2,010,752.16. This represents a 27.97% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Liberty Latin America Stock Performance
NASDAQ:LILA opened at $8.56 on Wednesday. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $1.68 billion, a PE ratio of -17.47 and a beta of 0.74. The firm has a 50 day simple moving average of $7.97 and a 200-day simple moving average of $7.88. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations 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 analysts expect that Liberty Latin America Ltd. will post -0.47 EPS for the current year.
Hedge Funds Weigh In On Liberty Latin America
Large investors have recently bought and sold shares of the stock. Rubric Capital Management LP boosted its holdings in shares of Liberty Latin America by 93.0% in 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Liberty Latin America by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,445,768 shares of the company's stock worth $18,074,000 after buying an additional 78,234 shares during the last quarter. Virtu Financial LLC raised 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 buying an additional 484,016 shares during the period. Goldman Sachs Group Inc. raised 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 buying an additional 715,641 shares during the period. Finally, Fourth Sail Capital LP boosted its holdings in Liberty Latin America by 21.5% in the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company's stock valued at $6,723,000 after acquiring an additional 160,981 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company's stock.
Analyst Ratings Changes
LILA has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley lowered Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price target on the stock. in a research note on Thursday, August 20th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $10.00.
Check Out Our Latest Report on Liberty Latin America
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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