Brendan J. Paddick Buys 250,000 Shares of Liberty Latin America Ltd. (NASDAQ:LILA) Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan J. Paddick bought 250,000 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the transaction, the director now owns 886,108 shares in the company, valued at $7,842,055.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Latin America Trading Up 1.2 %

Shares of Liberty Latin America stock opened at $9.26 on Thursday. The business has a fifty day simple moving average of $8.39 and a 200-day simple moving average of $7.41. Liberty Latin America Ltd. has a fifty-two week low of $5.90 and a fifty-two week high of $9.85. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of -308.56 and a beta of 1.11. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.33.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). The business had revenue of $1.10 billion during the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.23) earnings per share. On average, equities analysts forecast that Liberty Latin America Ltd. will post -0.64 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Liberty Latin America from $8.40 to $9.30 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Barclays reduced their price target on shares of 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.

Institutional Trading of Liberty Latin America

Large investors have recently added to or reduced their stakes in the business. Wittenberg Investment Management Inc. lifted its position in shares of Liberty Latin America by 15.8% during the 1st quarter. Wittenberg Investment Management Inc. now owns 922,471 shares of the company’s stock valued at $6,430,000 after acquiring an additional 125,639 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Liberty Latin America by 21.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 465,241 shares of the company’s stock valued at $3,243,000 after purchasing an additional 81,627 shares during the period. Bailard Inc. purchased a new position in Liberty Latin America in the 4th quarter worth about $523,000. GSA Capital Partners LLP raised its holdings in Liberty Latin America by 80.1% during the 1st quarter. GSA Capital Partners LLP now owns 150,965 shares of the company’s stock worth $1,052,000 after buying an additional 67,123 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Liberty Latin America by 83.3% in the fourth quarter. Teacher Retirement System of Texas now owns 81,513 shares of the company’s stock worth $596,000 after buying an additional 37,038 shares during the period. 18.48% of the stock is currently owned by institutional investors.

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.