Wittenberg Investment Management Inc. Sells 58,635 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Wittenberg Investment Management Inc. decreased its holdings in Liberty Latin America Ltd. (NASDAQ:LILA) by 6.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 794,736 shares of the company’s stock after selling 58,635 shares during the quarter. Liberty Latin America accounts for approximately 2.5% of Wittenberg Investment Management Inc.’s portfolio, making the stock its 11th largest position. Wittenberg Investment Management Inc.’s holdings in Liberty Latin America were worth $7,614,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of LILA. Vanguard Group Inc. raised its holdings in shares of Liberty Latin America by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,294,672 shares of the company’s stock valued at $9,024,000 after buying an additional 24,840 shares during the last quarter. Banco Santander S.A. raised its stake in shares of Liberty Latin America by 47.8% in the third quarter. Banco Santander S.A. now owns 800,000 shares of the company’s stock worth $7,664,000 after acquiring an additional 258,631 shares during the last quarter. Genesis Investment Management LLP lifted its position in shares of Liberty Latin America by 3.3% during the second quarter. Genesis Investment Management LLP now owns 652,316 shares of the company’s stock worth $6,269,000 after purchasing an additional 20,580 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Liberty Latin America by 173.1% during the second quarter. Virtu Financial LLC now owns 332,077 shares of the company’s stock valued at $3,191,000 after purchasing an additional 210,483 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in shares of Liberty Latin America by 0.9% in the second quarter. Mackenzie Financial Corp now owns 230,571 shares of the company’s stock valued at $2,216,000 after purchasing an additional 2,007 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $7.11 on Monday. Liberty Latin America Ltd. has a 1 year low of $5.90 and a 1 year high of $10.81. The company’s 50-day moving average is $9.10 and its two-hundred day moving average is $9.20. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Analyst Ratings Changes

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.

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.