Liberty Latin America Ltd. (NASDAQ:LILAK – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Research Report on Liberty Latin America
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.
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