Key Points
- Director John Malone bought 7,960 Liberty Latin America shares at an average price of $20.08, spending about $159,837; his direct holdings rose to 2.31 million shares.
- The company reported a quarterly loss of $0.42 per share, missing analyst expectations of a $0.09 loss, while revenue of $1.12 billion also came in below estimates.
- Analyst sentiment was negative: the stock had a consensus “Sell” rating and a $7 price target, with two Sell ratings and one Hold rating.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) Director John Malone purchased 7,960 shares of the firm's stock in a transaction on Friday, November 6th. The stock was acquired at an average cost of $20.08 per share, with a total value of $159,836.80. Following the transaction, the director directly owned 2,313,637 shares in the company, valued at $46,457,830.96. This trade represents a 0.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Liberty Latin America Stock Performance
NASDAQ:LILA opened at $10.04 on Wednesday. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $10.23. The company has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $8.05. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 8.75. The company has a market cap of $1.97 billion, a price-to-earnings ratio of -10.80 and a beta of 0.78.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.33). The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 3.86% and a negative return on equity of 17.27%. As a group, equities analysts anticipate that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Latin America in a report on Thursday, October 15th. UBS Group upgraded Liberty Latin America to a "hold" rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley downgraded 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 report on Thursday, August 20th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Sell" and a consensus price target of $7.00.
Get Our Latest Report on Liberty Latin America
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in LILA. Rubric Capital Management LP increased its position 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. Bank of New York Mellon Corp acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at $3,140,000. Renaissance Technologies LLC raised its holdings in shares of Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company's stock valued at $7,470,000 after purchasing an additional 185,300 shares in the last quarter. S&CO Inc. acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at $1,236,000. Finally, Cook & Bynum Capital Management LLC acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at $1,111,093. Institutional investors and hedge funds own 18.48% of the company's stock.
About Liberty Latin America
(
Get Free Report)
Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.
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