Liberty Latin America (NASDAQ:LILA) Shares Gap Up on Insider Buying Activity

Liberty Latin America Ltd. (NASDAQ:LILA) gapped up before the market opened on Wednesday following insider buying activity. The stock had previously closed at $9.15, but opened at $9.39. Liberty Latin America shares last traded at $9.37, with a volume of 139,644 shares changing hands.

Specifically, Director Brendan J. Paddick acquired 250,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were bought at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the acquisition, the director now owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Brendan J. Paddick purchased 150,000 shares of the stock in a transaction dated Monday, June 24th. The shares were purchased at an average price of $9.10 per share, with a total value of $1,365,000.00. Following the transaction, the director now owns 1,036,108 shares in the company, valued at approximately $9,428,582.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Brendan J. Paddick purchased 250,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was purchased at an average cost of $8.85 per share, with a total value of $2,212,500.00. Following the purchase, the director now owns 886,108 shares in the company, valued at $7,842,055.80. The disclosure for this purchase can be found here. 11.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on LILA. Barclays cut their target price on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 7th. The Goldman Sachs Group boosted their price objective on shares of Liberty Latin America from $8.40 to $9.30 and gave the company a “buy” rating in a report on Tuesday, May 28th.

Liberty Latin America Trading Up 2.4 %

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.33. The business has a 50-day simple moving average of $8.44 and a 200-day simple moving average of $7.43. The company has a market cap of $1.87 billion, a PE ratio of -315.89 and a beta of 1.11.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.16). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Liberty Latin America had a negative net margin of 0.12% and a negative return on equity of 0.23%. During the same quarter in the prior year, the firm posted ($0.23) EPS. On average, analysts predict that Liberty Latin America Ltd. will post -0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale purchased a new stake in shares of Liberty Latin America during the fourth quarter worth approximately $38,000. TFO Wealth Partners LLC raised its holdings in shares of Liberty Latin America by 17,797.6% in the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after purchasing an additional 7,297 shares in the last quarter. Cullen Investment Group LTD. purchased a new stake in shares of Liberty Latin America during the 4th quarter worth $86,000. Teza Capital Management LLC acquired a new position in shares of Liberty Latin America during the 3rd quarter worth about $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Liberty Latin America by 38.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock valued at $114,000 after purchasing an additional 4,322 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.