Discovery Capital Reduces Stake in Banco BBVA Argentina

Discovery Capital Management LLC CT has made significant adjustments to its shareholding in Banco BBVA Argentina S.A. (NYSE:BBAR). In the fourth quarter, the firm decreased its stake by a substantial 80.8%, as revealed in its recent 13F filing with the Securities and Exchange Commission (SEC). Following the sale of 219,900 shares during this period, Discovery Capital now holds 52,100 shares of the bank's stock, valued at approximately $993,000 based on the latest SEC disclosures.

Additionally, several other institutional investors have also altered their positions in Banco BBVA Argentina recently. For instance, Quantbot Technologies LP considerably increased its stake by 694.6% in the third quarter, now owning 27,612 shares worth about $286,000 after acquiring 24,137 more shares. Meanwhile, Benjamin Edwards Inc. established a new position valued at $293,000 during the same quarter.

Another notable investment comes from PointState Capital LP, which raised its holdings in Banco BBVA Argentina by 14.2%, bringing its total to 1,664,893 shares valued at $17,265,000 after purchasing an additional 206,399 shares. Simultaneously, Point72 Asset Management L.P. also increased its stake by 72.8%, owning 43,200 shares worth around $448,000 after acquiring 18,200 shares. Lastly, XTX Topco Ltd directed funds into a new stake in the bank, which is worth $136,000 as of the third quarter.

Analyst Ratings

Banco BBVA Argentina has been featured in various research reports from analysts. StockNews.com revised its rating on the bank from a "buy" to a "hold" on December 24. Conversely, Morgan Stanley upgraded its review from "underweight" to "overweight," setting a target price of $27.00 for the stock on December 16.

Banco BBVA Argentina's Stock Overview

As of Tuesday, Banco BBVA Argentina's stock opened at $18.12. The bank reports a quick ratio of 0.99 and a current ratio also of 0.99, with a low debt-to-equity ratio of 0.09. The market capitalization currently stands at $3.70 billion, and the price-to-earnings (P/E) ratio is recorded at 9.43, with a beta of 1.41. The stock has had a fifty-day simple moving average of $19.85 and a 200-day moving average of $17.24, with a twelve-month range between a low of $7.05 and a high of $25.01.

About Banco BBVA Argentina

Banco BBVA Argentina S.A. provides a wide array of banking products and services catering to individuals and businesses throughout Argentina. Its offerings include retail banking services such as checking and savings accounts, time deposits, credit cards, personal loans, mortgages, insurance, and investment products for individual customers. For small and medium enterprises, it provides financial solutions, factoring, checking accounts, transactional services, insurance, and investment options.

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