Key Points
- Director John Malone purchased 36,914 Liberty Latin America shares at an average price of $20.43, investing approximately $754,153 and increasing his direct ownership by 2.73% to 1.39 million shares.
- Liberty Latin America reported a quarterly loss of $0.13 per share on revenue of $1.10 billion, while analysts expect a full-year loss of approximately $0.47 per share.
- Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $10.00; institutional investors and hedge funds own 18.48% of the company.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone bought 36,914 shares of the stock in a transaction on Wednesday, September 16th. The shares were acquired at an average cost of $20.43 per share, for a total transaction of $754,153.02. Following the completion of the transaction, the director directly owned 1,388,040 shares of the company's stock, valued at approximately $28,357,657.20. The trade was a 2.73% 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 hyperlink.
Liberty Latin America Price Performance
NASDAQ LILA opened at $8.41 on Friday. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. The stock's 50-day moving average is $8.29 and its two-hundred day moving average is $7.95. The firm has a market cap of $1.65 billion, a P/E ratio of -17.16 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 (NASDAQ:LILA - Get Free Report) last released 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 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%. On average, analysts anticipate that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Liberty Latin America
Hedge funds and other institutional investors have recently made changes to their positions in the business. Rubric Capital Management LP grew its position 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 valued at $32,400,000 after purchasing an additional 1,806,935 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Liberty Latin America by 27.3% during the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company's stock worth $7,470,000 after purchasing an additional 185,300 shares during the last quarter. Fourth Sail Capital LP lifted its position in shares of Liberty Latin America by 21.5% during the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company's stock worth $6,723,000 after purchasing an additional 160,981 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Liberty Latin America during the 2nd quarter valued at approximately $3,140,000. Finally, Empowered Funds LLC boosted its stake in Liberty Latin America by 9.9% during the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company's stock valued at $2,295,000 after purchasing an additional 23,954 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the company. UBS Group raised Liberty Latin America to a "hold" rating in a research report on Thursday, September 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Latin America in a research report on Friday, July 17th. Finally, Morgan Stanley cut shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price objective for the company. in a research note on Thursday, August 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $10.00.
View Our Latest Stock Analysis on Liberty Latin America
About Liberty Latin America
(
Get Free Report)
Liberty Latin America Ltd. is a telecommunications company providing communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, video and mobile services, fixed-line voice, and data and connectivity solutions for businesses, governments, and other institutional customers.
The company operates through a portfolio of consumer and business brands, including C&W, Liberty, VTR, and BTC. Its operations serve markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.
Further Reading
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