Redhawk Wealth Advisors Inc. Acquires New Holdings in Banco BBVA Argentina S.A. (NYSE:BBAR)

Redhawk Wealth Advisors Inc. bought a new position in Banco BBVA Argentina S.A. (NYSE:BBAR) during the 4th quarter, HoldingsChannel reports. The firm bought 39,008 shares of the bank’s stock, valued at approximately $743,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. PointState Capital LP grew its position in shares of Banco BBVA Argentina by 14.2% in the 3rd 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. Sagil Capital LLP acquired a new position in shares of Banco BBVA Argentina in the third quarter valued at approximately $2,131,000. TT International Asset Management LTD bought a new stake in shares of Banco BBVA Argentina during the fourth quarter worth $3,261,000. Mirabella Financial Services LLP acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $1,155,000. Finally, Virtu Financial LLC bought a new stake in Banco BBVA Argentina in the 3rd quarter valued at $506,000.

Banco BBVA Argentina Stock Performance

Shares of BBAR opened at $22.74 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina S.A. has a 12 month low of $4.63 and a 12 month high of $25.01. The firm has a fifty day simple moving average of $18.57 and a 200 day simple moving average of $13.35. The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 11.84 and a beta of 1.42.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BBAR. StockNews.com cut Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley raised 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.

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.