Banco Santander S.A. Purchases 258,631 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Banco Santander S.A. increased its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 47.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 800,000 shares of the company’s stock after acquiring an additional 258,631 shares during the period. Banco Santander S.A.’s holdings in Liberty Latin America were worth $7,664,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new stake in Liberty Latin America during the 3rd quarter valued at $104,000. SG Americas Securities LLC bought a new stake in shares of Liberty Latin America during the 3rd quarter valued at about $120,000. Ground Swell Capital LLC purchased a new stake in shares of Liberty Latin America during the 2nd quarter valued at about $122,000. BNP Paribas Financial Markets lifted its stake in shares of Liberty Latin America by 80.8% in the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after purchasing an additional 7,494 shares during the period. Finally, XTX Topco Ltd increased its holdings in Liberty Latin America by 78.2% during the second quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after buying an additional 9,045 shares during the last quarter. 18.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

Liberty Latin America Stock Performance

LILA opened at $7.05 on Friday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. Liberty Latin America Ltd. has a 1-year low of $5.90 and a 1-year high of $10.81. The company has a 50 day simple moving average of $9.20 and a two-hundred day simple moving average of $9.21. The firm has a market cap of $1.39 billion, a P/E ratio of -2.41 and a beta of 1.12.

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.