Liberty Latin America Ltd. (NASDAQ:LILAK) Major Shareholder Acquires $747,231.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) major shareholder John C. Malone acquired 106,900 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was purchased at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the completion of the purchase, the insider now directly owns 8,827,614 shares in the company, valued at approximately $61,705,021.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Liberty Latin America Price Performance

Shares of LILAK traded down $0.09 during midday trading on Thursday, hitting $6.99. 1,360,364 shares of the company traded hands, compared to its average volume of 1,285,376. The stock has a 50-day moving average of $6.72 and a 200-day moving average of $7.11. Liberty Latin America Ltd. has a one year low of $5.95 and a one year high of $9.73. The firm has a market cap of $1.43 billion, a P/E ratio of -26.88 and a beta of 1.16.

Liberty Latin America (NASDAQ:LILAK) last announced its quarterly earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share for the quarter. The firm had revenue of $1.16 billion during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Friday, March 8th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Liberty Latin America by 102.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,600 shares of the company’s stock worth $30,000 after purchasing an additional 1,823 shares during the last quarter. Point72 Middle East FZE bought a new position in shares of Liberty Latin America in the fourth quarter worth approximately $31,000. Captrust Financial Advisors increased its position in shares of Liberty Latin America by 94.8% in the first quarter. Captrust Financial Advisors now owns 4,388 shares of the company’s stock worth $42,000 after purchasing an additional 2,135 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Liberty Latin America in the fourth quarter worth approximately $37,000. Finally, Federated Hermes Inc. increased its position in shares of Liberty Latin America by 543.7% in the third quarter. Federated Hermes Inc. now owns 5,111 shares of the company’s stock worth $42,000 after purchasing an additional 4,317 shares during the last quarter. 52.98% of the stock is currently owned by 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.