Banco Santander S.A. Increases Holdings in Liberty Latin America Ltd. (NASDAQ:LILA)

Banco Santander S.A. raised its holdings in Liberty Latin America Ltd. (NASDAQ:LILA) by 47.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 800,000 shares of the company’s stock after buying an additional 258,631 shares during the quarter. Banco Santander S.A. owned about 0.41% of Liberty Latin America worth $7,664,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position 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. Vanguard Group Inc. boosted its position in Liberty Latin America by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,294,672 shares of the company’s stock valued at $9,024,000 after acquiring an additional 24,840 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Liberty Latin America by 21.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 465,241 shares of the company’s stock worth $3,243,000 after acquiring an additional 81,627 shares during the period. Lazard Asset Management LLC raised its position in shares of Liberty Latin America by 186.5% in the 1st quarter. Lazard Asset Management LLC now owns 29,716 shares of the company’s stock worth $206,000 after acquiring an additional 19,345 shares in the last quarter. Finally, Searchlight Capital Partners L.P. lifted its stake in shares of Liberty Latin America by 21.6% in the 1st quarter. Searchlight Capital Partners L.P. now owns 42,348 shares of the company’s stock valued at $295,000 after purchasing an additional 7,531 shares during the period. 18.48% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Price Performance

Shares of NASDAQ LILA opened at $7.05 on Friday. The company has a 50 day simple moving average of $9.20 and a two-hundred day simple moving average of $9.21. Liberty Latin America Ltd. has a fifty-two week low of $5.90 and a fifty-two week high of $10.81. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -2.41 and a beta of 1.12. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a 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.