Key Points
- Director John Malone bought 21,013 Liberty Latin America shares at an average price of $8.98, investing approximately $188,697. His ownership increased 1.51% to 1,412,175 shares.
- Liberty Latin America shares opened at $8.36, compared with a 52-week range of $4.77 to $9.04. The company reported a quarterly loss of $0.13 per share on $1.10 billion in revenue.
- Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $10.00 target price; institutional investors and hedge funds own 18.48% of the stock.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone acquired 512 shares of the firm's stock in a transaction dated Tuesday, September 29th. The stock was bought at an average price of $20.45 per share, with a total value of $10,470.40. Following the purchase, the director directly owned 1,411,162 shares in the company, valued at approximately $28,858,262.90. This trade represents a 0.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Liberty Latin America Stock Performance
Shares of Liberty Latin America stock opened at $8.36 on Friday. The business has a 50-day simple moving average of $8.50 and a 200-day simple moving average of $8.00. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The company has a market cap of $1.64 billion, a PE ratio of -17.06 and a beta of 0.72.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its earnings results 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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. On average, equities research analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.
Hedge Funds Weigh In On Liberty Latin America
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rubric Capital Management LP increased its stake in 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. 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 buying an additional 160,981 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 buying an additional 185,300 shares during the last quarter. State Street Corp boosted its holdings in shares of Liberty Latin America by 11.6% in the 2nd quarter. State Street Corp now owns 750,725 shares of the company's stock valued at $5,886,000 after buying an additional 77,953 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Liberty Latin America in the 2nd quarter valued at $3,140,000. 18.48% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
LILA has been the topic of a number of analyst reports. UBS Group upgraded shares of Liberty Latin America to a "hold" rating in a report on Thursday, September 3rd. Morgan Stanley lowered Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 target price on the stock. in a report on Thursday, August 20th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Latin America in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $10.00.
Check Out Our Latest Report on Liberty Latin America
Liberty Latin America Company Profile
(
Get Free Report)
Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, fixed-line and mobile voice services, pay television and data connectivity for residential, business and government customers.
The company operates through consumer and business-focused brands, including Liberty and Flow, while its business services include dedicated connectivity, cloud solutions, managed services, cybersecurity and information technology support.
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