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

Banco Santander S.A. raised its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 47.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 800,000 shares of the company's stock after buying an additional 258,631 shares during the period. Banco Santander S.A. owned 0.41% of Liberty Latin America worth $7,664,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in shares of Liberty Latin America by 21.3% in the first quarter. Gamco Investors INC. ET AL now owns 465,241 shares of the company's stock valued at $3,243,000 after purchasing an additional 81,627 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Liberty Latin America in the second quarter valued at about $608,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Liberty Latin America in the second quarter valued at about $2,073,000. BNP Paribas Financial Markets grew its position in shares of Liberty Latin America by 80.8% in the first quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company's stock valued at $117,000 after purchasing an additional 7,494 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in shares of Liberty Latin America by 304.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company's stock valued at $149,000 after purchasing an additional 16,215 shares during the last quarter. 18.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded Liberty Latin America from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 4th.

Liberty Latin America Stock Performance

LILA stock traded up $0.07 during trading on Friday, reaching $7.11. 338,649 shares of the stock were exchanged, compared to its average volume of 367,198. Liberty Latin America Ltd. has a twelve month low of $5.90 and a twelve month high of $10.81. The company has a market capitalization of $1.40 billion, a P/E ratio of -2.43 and a beta of 1.12. The stock has a 50 day simple moving average of $9.15 and a 200-day simple moving average of $9.20. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

About Liberty Latin America

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.