Panagora Asset Management Inc. raised its holdings in shares of GRUPO AVAL ACCI/S (NYSE:AVAL) by 67.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,159 shares of the bank’s stock after buying an additional 23,357 shares during the period. Panagora Asset Management Inc.’s holdings in GRUPO AVAL ACCI/S were worth $464,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in AVAL. Norges Bank purchased a new stake in GRUPO AVAL ACCI/S during the fourth quarter valued at $11,970,000. Acadian Asset Management LLC raised its stake in GRUPO AVAL ACCI/S by 77.6% during the second quarter. Acadian Asset Management LLC now owns 988,501 shares of the bank’s stock valued at $7,878,000 after purchasing an additional 432,053 shares in the last quarter. Aperio Group LLC raised its stake in GRUPO AVAL ACCI/S by 15.0% during the second quarter. Aperio Group LLC now owns 594,180 shares of the bank’s stock valued at $4,736,000 after purchasing an additional 77,610 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of GRUPO AVAL ACCI/S by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 410,509 shares of the bank’s stock valued at $2,420,000 after acquiring an additional 14,026 shares during the period. Finally, Bailard Inc. raised its stake in shares of GRUPO AVAL ACCI/S by 71.0% in the first quarter. Bailard Inc. now owns 197,300 shares of the bank’s stock valued at $1,537,000 after acquiring an additional 81,904 shares during the period. 18.19% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on AVAL shares. ValuEngine downgraded shares of GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. Zacks Investment Research raised shares of GRUPO AVAL ACCI/S from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 31st.
Shares of AVAL traded down $0.08 during midday trading on Friday, hitting $7.24. The stock had a trading volume of 2,006 shares, compared to its average volume of 64,048. GRUPO AVAL ACCI/S has a 1 year low of $5.59 and a 1 year high of $8.51. The firm has a market cap of $2.60 billion, a PE ratio of 9.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.05 and a quick ratio of 1.05. The stock’s 50 day moving average is $7.71 and its 200 day moving average is $7.61.
About GRUPO AVAL ACCI/S
Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector customers in Colombia and Central America. The company's deposit products and services include checking accounts, savings accounts, and time deposits, as well as other deposits consisting of deposits from correspondent accounts, cashier checks, and collection services.
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