Banco BBVA Argentina S.A. (NYSE:BBAR) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Banco BBVA Argentina S.A. (NYSE:BBAR) by 123.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,171 shares of the bank’s stock after buying an additional 2,307 shares during the quarter. GAMMA Investing LLC’s holdings in Banco BBVA Argentina were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Fourth Sail Capital LP grew its holdings in shares of Banco BBVA Argentina by 74.6% in the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after purchasing an additional 1,009,103 shares during the period. Truist Financial Corp purchased a new stake in shares of Banco BBVA Argentina in the 2nd quarter valued at approximately $167,000. SG Americas Securities LLC acquired a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $246,000. Deltec Asset Management LLC purchased a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at approximately $334,000. Finally, NorthRock Partners LLC acquired a new position in Banco BBVA Argentina in the third quarter valued at approximately $363,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price on the stock in a research report on Monday, December 16th. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th.

Banco BBVA Argentina Stock Performance

NYSE:BBAR opened at $23.31 on Friday. Banco BBVA Argentina S.A. has a fifty-two week low of $4.63 and a fifty-two week high of $25.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99. The company has a 50 day moving average price of $17.93 and a 200 day moving average price of $13.01. The stock has a market capitalization of $4.76 billion, a P/E ratio of 12.14 and a beta of 1.42.

Banco BBVA Argentina Profile

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.