Key Points
- Director Alfonso de Angoitia purchased 145,490 Liberty Latin America shares at $21.00 each, a transaction valued at approximately $3.06 million. He also bought 313,104 shares on September 2 and 17,596 shares on September 1.
- Liberty Latin America reported quarterly revenue of $1.10 billion, in line with estimates, but posted a loss of $0.13 per share and negative profitability metrics.
- Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating, with one Buy and two Sell ratings and an average price target of $10.00.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director Angoitia Alfonso De purchased 17,596 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were purchased at an average cost of $20.65 per share, with a total value of $363,357.40. Following the completion of the purchase, the director owned 163,086 shares in the company, valued at $3,367,725.90. This represents a 12.09% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Angoitia Alfonso De also recently made the following trade(s):
- On Wednesday, September 2nd, Angoitia Alfonso De purchased 313,104 shares of Liberty Latin America stock. The shares were purchased at an average price of $20.95 per share, for a total transaction of $6,559,528.80.
- On Monday, August 31st, Angoitia Alfonso De acquired 145,490 shares of Liberty Latin America stock. The stock was purchased at an average price of $21.00 per share, with a total value of $3,055,290.00.
Liberty Latin America Price Performance
NASDAQ:LILA opened at $8.52 on Friday. The business's 50-day moving average price is $8.08 and its 200 day moving average price is $7.90. The firm has a market cap of $1.67 billion, a P/E ratio of -17.39 and a beta of 0.74. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. As a group, sell-side analysts predict that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have issued reports on LILA shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a 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 for the company. in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, Liberty Latin America has an average rating of "Reduce" and a consensus price target of $10.00.
Read Our Latest Analysis on Liberty Latin America
Institutional Trading of Liberty Latin America
A number of hedge funds have recently modified their holdings of LILA. AQR Capital Management LLC purchased a new position in shares of Liberty Latin America during the first quarter valued at $104,000. Empowered Funds LLC grew its stake in Liberty Latin America by 7.3% during the 1st quarter. Empowered Funds LLC now owns 214,637 shares of the company's stock valued at $1,359,000 after acquiring an additional 14,547 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Liberty Latin America by 230.6% in the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company's stock valued at $314,000 after purchasing an additional 34,640 shares during the period. Strs Ohio acquired a new position in shares of Liberty Latin America in the 1st quarter valued at about $34,000. Finally, Geode Capital Management LLC lifted its position in shares of Liberty Latin America by 12.2% in the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company's stock worth $4,042,000 after purchasing an additional 71,873 shares in the last quarter. Hedge funds and other institutional investors 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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