John Malone Adds $2.9M in Liberty Latin America, Including First Preference Share Buys
LILA sits 96% above its 52-week low of $4.577.
Summary
John C. Malone bought $2.9 million of Liberty Latin America shares, including his first purchases of the Series A Preference Shares, extending a multi-month insider buying spree.
Key Events · Ownership and Investor Activity · LILA
-
Malone Buys $2.9M Across Common and Preference Shares
John C. Malone acquired 127,828 Class A common shares at ~$8.48 and 89,204 Series A Preference Shares at ~$20.41, totaling $2.9 million in open-market purchases from August 7–10.
-
First Preference Share Purchases in This Sequence
This marks Malone's first reported buys of the 9% cumulative preference shares (LILAP) since the $500 million special dividend distribution in May, indicating confidence in the new security.
-
Insider Accumulation Continues Near 52-Week High
The purchases add to over $34 million in net insider buying over the past 90 days, with the stock trading near its 52-week high of $8.88, suggesting insiders see further upside.
-
Malone's Total Recent Buys Exceed $14 Million
Combined with prior Form 4 and 13D/A filings, Malone has personally deployed over $14 million in Liberty Latin America shares since late June, reinforcing his long-term commitment.
Analysis · LILA · Technology
John C. Malone, a 10% owner and Director Emeritus, purchased $2.9 million of Liberty Latin America shares across four open-market transactions from August 7–10. The buys included 127,828 Class A common shares at ~$8.48 and, for the first time in this accumulation sequence, 89,204 Series A Preference Shares at ~$20.41. The preference share purchases signal conviction in the recently distributed dividend stock, which carries a 9% cumulative yield. This continues a pattern of heavy insider buying that began in late June, with Malone alone acquiring over $14 million in shares over the past two months. The stock is trading near its 52-week high, yet insiders continue to deploy significant capital.
At the time of this filing, LILA was trading at $8.99 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $4.58 to $8.88. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.