John C. Malone Acquires 342,703 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) major shareholder John C. Malone purchased 342,703 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $6.96 per share, for a total transaction of $2,385,212.88. Following the completion of the purchase, the insider now owns 8,702,958 shares of the company’s stock, valued at $60,572,587.68. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large 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 Performance

LILAK stock traded down $0.09 during midday trading on Thursday, hitting $6.99. 1,360,364 shares of the stock were exchanged, compared to its average volume of 1,285,376. The stock’s 50-day moving average price is $6.72 and its 200-day moving average price is $7.11. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $9.73.

Liberty Latin America (NASDAQ:LILAK) last released 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.

Hedge Funds Weigh In On Liberty Latin America

A number of institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew 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 valued at $30,000 after purchasing an additional 1,823 shares during the period. Point72 Middle East FZE purchased a new stake in shares of Liberty Latin America in the fourth quarter valued at $31,000. Captrust Financial Advisors grew 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 valued at $42,000 after purchasing an additional 2,135 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Liberty Latin America in the fourth quarter valued at $37,000. Finally, Federated Hermes Inc. grew 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 valued at $42,000 after purchasing an additional 4,317 shares during the period. 52.98% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.