Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Sold by Banco Santander S.A.

Banco Santander S.A. reduced its holdings in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 18.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,123,590 shares of the company's stock after selling 247,313 shares during the period. Banco Santander S.A. owned approximately 0.57% of Liberty Latin America worth $10,663,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. nVerses Capital LLC purchased a new stake in Liberty Latin America during the 3rd quarter valued at $55,000. Paloma Partners Management Co bought a new stake in shares of Liberty Latin America in the 1st quarter worth about $75,000. Algert Global LLC purchased a new position in shares of Liberty Latin America during the 2nd quarter worth about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its position in Liberty Latin America by 29.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company's stock worth $132,000 after purchasing an additional 3,150 shares during the period. Finally, ProShare Advisors LLC raised its position in Liberty Latin America by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 24,721 shares of the company's stock worth $173,000 after purchasing an additional 1,944 shares during the period. 52.98% of the stock is currently owned by institutional investors.

Liberty Latin America Trading Up 1.0 %

Shares of Liberty Latin America stock traded up $0.07 during trading on Friday, hitting $7.04. 657,870 shares of the stock traded hands, compared to its average volume of 1,002,795. Liberty Latin America Ltd. has a 52-week low of $5.95 and a 52-week high of $10.93. The stock's fifty day simple moving average is $9.05 and its 200 day simple moving average is $9.18. The firm has a market cap of $1.38 billion, a P/E ratio of -2.41 and a beta of 1.12.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Scotiabank cut their target price on Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating on the stock in a research note on Friday, November 8th. Pivotal Research decreased their target price on Liberty Latin America from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Monday, August 12th. StockNews.com downgraded shares of Liberty Latin America from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a research report on Wednesday, September 4th.

Liberty Latin America 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.