Liberty Latin America Ltd. (NASDAQ:LILA) Major Shareholder John C. Malone Buys 106,900 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) major shareholder John C. Malone bought 106,900 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was bought at an average cost of $6.99 per share, for a total transaction of $747,231.00. Following the completion of the acquisition, the insider now directly owns 8,827,614 shares of the company’s stock, valued at approximately $61,705,021.86. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Latin America Stock Down 0.9 %

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

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. increased its position in Liberty Latin America by 6.1% during the first quarter. BlackRock Inc. now owns 3,306,252 shares of the company’s stock valued at $27,475,000 after acquiring an additional 190,392 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Latin America by 4.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,578,155 shares of the company’s stock valued at $22,559,000 after acquiring an additional 117,254 shares during the last quarter. Vanguard Group Inc. increased its position in Liberty Latin America by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,405,948 shares of the company’s stock valued at $11,473,000 after acquiring an additional 32,603 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Liberty Latin America by 0.5% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,131,064 shares of the company’s stock valued at $9,897,000 after acquiring an additional 5,635 shares during the last quarter. Finally, State Street Corp increased its position in Liberty Latin America by 2.3% during the first quarter. State Street Corp now owns 1,124,966 shares of the company’s stock valued at $9,348,000 after acquiring an additional 25,323 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.