Discovery Capital Management LLC CT decreased its position in Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 80.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,100 shares of the bank's stock after selling 219,900 shares during the period. Discovery Capital Management LLC CT's holdings in Banco BBVA Argentina were worth $993,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Blue Trust Inc. boosted its stake in Banco BBVA Argentina by 38.0% in the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock worth $47,000 after purchasing an additional 685 shares during the period. GAMMA Investing LLC boosted its position in Banco BBVA Argentina by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock worth $79,000 after acquiring an additional 2,307 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina in the third quarter valued at approximately $136,000. Clear Creek Financial Management LLC bought a new stake in shares of Banco BBVA Argentina in the fourth quarter worth $236,000. Finally, Quantbot Technologies LP boosted its holdings in Banco BBVA Argentina by 694.6% during the third quarter. Quantbot Technologies LP now owns 27,612 shares of the bank's stock worth $286,000 after purchasing an additional 24,137 shares during the last quarter.
Banco BBVA Argentina Price Performance
Shares of BBAR traded down $2.02 during trading hours on Friday, hitting $15.85. 1,337,880 shares of the company were exchanged, compared to its average volume of 823,523. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 8.25 and a beta of 1.41. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina S.A. has a fifty-two week low of $7.05 and a fifty-two week high of $25.01. The firm's fifty day moving average is $19.42 and its 200 day moving average is $17.33.
Wall Street Analysts Forecast Growth
BBAR has been the subject of a number of recent analyst reports. StockNews.com cut shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Morgan Stanley raised Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 price target on the stock in a research report on Monday, December 16th.
Read Our Latest Analysis on BBAR
About Banco BBVA Argentina
(
Free Report)
Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.
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