Deltec Asset Management LLC Has $1.13 Million Stock Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

Deltec Asset Management LLC raised its position in Banco BBVA Argentina S.A. (NYSE:BBAR) by 84.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 59,400 shares of the bank’s stock after purchasing an additional 27,167 shares during the quarter. Deltec Asset Management LLC’s holdings in Banco BBVA Argentina were worth $1,132,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. PointState Capital LP increased its holdings in shares of Banco BBVA Argentina by 14.2% in 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 in the last quarter. Sagil Capital LLP bought a new position in Banco BBVA Argentina in the 3rd quarter valued at $2,131,000. TT International Asset Management LTD acquired a new stake in shares of Banco BBVA Argentina in the 4th quarter valued at $3,261,000. Mirabella Financial Services LLP bought a new stake in shares of Banco BBVA Argentina during the third quarter worth $1,155,000. Finally, Systrade AG acquired a new position in shares of Banco BBVA Argentina during the fourth quarter valued at $1,334,000.

Analyst Ratings Changes

BBAR has been the subject of several recent research reports. Morgan Stanley raised Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Monday, December 16th. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.

Banco BBVA Argentina Stock Down 1.2 %

Shares of NYSE BBAR opened at $21.25 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. Banco BBVA Argentina S.A. has a 52-week low of $5.01 and a 52-week high of $25.01. The firm has a 50 day moving average price of $20.06 and a 200 day moving average price of $14.62. The stock has a market cap of $4.34 billion, a P/E ratio of 11.07 and a beta of 1.41.

Banco BBVA Argentina (NYSE:BBAR) last released its quarterly earnings data on Wednesday, November 20th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. During the same quarter in the previous year, the firm posted $0.15 EPS. Analysts expect that Banco BBVA Argentina S.A. will post 1.94 EPS for the current year.

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.