Key Points
- Director John Malone purchased 13,362 Liberty Latin America shares at an average price of $20.44, investing $273,119.28 and increasing his direct holdings to 1,402,705 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 approximately $0.47 per share.
- Analyst sentiment remains cautious: the stock carries an average “Reduce” rating with a $10 price target, despite some hedge funds increasing their positions and institutional investors owning 18.48% of shares.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone acquired 1,135 shares of Liberty Latin America stock in a transaction that occurred on Thursday, September 24th. The stock was acquired at an average price of $20.45 per share, with a total value of $23,210.75. Following the completion of the purchase, the director directly owned 1,389,343 shares in the company, valued at $28,412,064.35. This represents a 0.08% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Liberty Latin America Trading Up 0.1%
Shares of LILA stock opened at $8.49 on Tuesday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -17.33 and a beta of 0.74. The company's fifty day simple moving average is $8.44 and its two-hundred day simple moving average is $7.98. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04. 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 posted its quarterly earnings results 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. As a group, analysts anticipate that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.
Institutional Investors Weigh In On Liberty Latin America
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rubric Capital Management LP boosted its stake in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company's stock valued at $32,400,000 after buying an additional 1,806,935 shares during the period. Fourth Sail Capital LP grew its position in Liberty Latin America by 21.5% during the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company's stock worth $6,723,000 after buying an additional 160,981 shares in the last quarter. Renaissance Technologies LLC increased its stake in Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company's stock worth $7,470,000 after acquiring an additional 185,300 shares during the last quarter. State Street Corp increased its stake in Liberty Latin America by 11.6% in the 2nd quarter. State Street Corp now owns 750,725 shares of the company's stock worth $5,886,000 after acquiring an additional 77,953 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Liberty Latin America in the 2nd quarter valued at about $3,140,000. Hedge funds and other institutional investors own 18.48% of the company's stock.
Analysts Set New Price Targets
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 report on Friday, July 17th. Morgan Stanley downgraded shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price target on the stock. in a report on Thursday, August 20th. Finally, UBS Group raised shares of Liberty Latin America to a "hold" rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $10.00.
Get Our Latest Stock Report on LILA
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.
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