Banco BBVA Argentina S.A. (NYSE:BBAR) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,641 shares of the bank’s stock after selling 4,971 shares during the quarter. Quantbot Technologies LP’s holdings in Banco BBVA Argentina were worth $432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Channing Global Advisors LLC purchased a new position in Banco BBVA Argentina in the 3rd quarter worth $247,000. Benjamin Edwards Inc. purchased a new position in Banco BBVA Argentina during the 3rd quarter worth approximately $293,000. PointState Capital LP lifted its position in Banco BBVA Argentina by 14.2% during the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock valued at $17,265,000 after purchasing an additional 206,399 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Banco BBVA Argentina by 72.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock valued at $448,000 after buying an additional 18,200 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Banco BBVA Argentina in the third quarter worth about $136,000.

Analyst Upgrades and Downgrades

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

Banco BBVA Argentina Price Performance

NYSE:BBAR opened at $18.69 on Friday. The stock has a market capitalization of $3.82 billion, a PE ratio of 9.73 and a beta of 1.41. Banco BBVA Argentina S.A. has a 52 week low of $7.05 and a 52 week high of $25.01. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average price is $19.93 and its 200-day moving average price is $17.10.

Banco BBVA Argentina Company 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.