Gemsstock Ltd. Acquires Shares of 148,516 Banco BBVA Argentina S.A. (NYSE:BBAR)

Gemsstock Ltd. purchased a new stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 148,516 shares of the bank’s stock, valued at approximately $2,831,000. Banco BBVA Argentina comprises about 0.6% of Gemsstock Ltd.’s investment portfolio, making the stock its 16th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Banco BBVA Argentina by 38.0% in the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock valued at $47,000 after buying an additional 685 shares during the period. GAMMA Investing LLC increased its position in Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after purchasing an additional 2,307 shares during the period. Clear Creek Financial Management LLC bought a new stake in Banco BBVA Argentina during the 4th quarter worth about $236,000. XTX Topco Ltd acquired a new position in Banco BBVA Argentina during the 3rd quarter valued at about $136,000. Finally, HUB Investment Partners LLC boosted its stake in shares of Banco BBVA Argentina by 42.6% in the 4th quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank’s stock valued at $292,000 after purchasing an additional 4,574 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on BBAR shares. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Monday, December 16th. StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Banco BBVA Argentina Stock Performance

Shares of NYSE:BBAR opened at $15.85 on Friday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 8.25 and a beta of 1.41. The firm’s 50 day simple moving average is $19.42 and its 200 day simple moving average is $17.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. Banco BBVA Argentina S.A. has a fifty-two week low of $7.05 and a fifty-two week high of $25.01.

About Banco BBVA Argentina

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.