Liberty Latin America Ltd. (NASDAQ:LILA) Major Shareholder John C. Malone Buys 342,703 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) major shareholder John C. Malone bought 342,703 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $6.96 per share, with a total value of $2,385,212.88. Following the completion of the transaction, the insider now owns 8,702,958 shares in the company, valued at $60,572,587.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Latin America Stock Performance

LILA traded down $0.06 on Thursday, hitting $6.97. 887,603 shares of the company traded hands, compared to its average volume of 452,013. The company has a 50 day moving average of $6.65 and a 200-day moving average of $7.07. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $1.43 billion, a PE ratio of -26.81 and a beta of 1.17. Liberty Latin America Ltd. has a 12-month low of $5.90 and a 12-month high of $9.85.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) EPS for the quarter. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. Sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.64 earnings per share for the current year.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP raised its stake in Liberty Latin America by 2.4% during the 3rd quarter. Trexquant Investment LP now owns 58,400 shares of the company’s stock valued at $361,000 after acquiring an additional 1,358 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Liberty Latin America by 6.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,475 shares of the company’s stock worth $214,000 after buying an additional 1,380 shares in the last quarter. Occudo Quantitative Strategies LP raised its stake in shares of Liberty Latin America by 6.1% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 24,019 shares of the company’s stock worth $187,000 after buying an additional 1,391 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Liberty Latin America by 62.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,769 shares of the company’s stock worth $33,000 after buying an additional 1,451 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Liberty Latin America by 0.6% during the 3rd quarter. Mackenzie Financial Corp now owns 267,417 shares of the company’s stock worth $2,056,000 after buying an additional 1,588 shares in the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Company Profile

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.