Channing Global Advisors LLC Takes $247,000 Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

Channing Global Advisors LLC bought a new position in Banco BBVA Argentina S.A. (NYSE:BBAR) in the 3rd quarter, Holdings Channel reports. The fund bought 23,836 shares of the bank’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Banco BBVA Argentina in the third quarter valued at about $237,000. Truist Financial Corp bought a new stake in Banco BBVA Argentina during the 2nd quarter valued at approximately $167,000. SG Americas Securities LLC purchased a new position in Banco BBVA Argentina in the 3rd quarter worth approximately $246,000. Fourth Sail Capital LP boosted its stake in Banco BBVA Argentina by 74.6% in the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares during the period. Finally, Mirabella Financial Services LLP purchased a new stake in Banco BBVA Argentina during the 3rd quarter valued at approximately $1,155,000.

Banco BBVA Argentina Stock Performance

Shares of BBAR stock opened at $16.36 on Friday. The company’s fifty day simple moving average is $13.44 and its two-hundred day simple moving average is $11.13. Banco BBVA Argentina S.A. has a 52 week low of $4.63 and a 52 week high of $18.24. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.