Short-term stake in Grupo Aval Acciones y Valores SA (NYSE:AVAL) decreases by 8.0%

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Grupo Aval Acciones y Valores SA (NYSE:AVAL – Get Rating) benefited from a significant drop in short interest during the month of August. As of August 31, there was selling interest totaling 341,600 shares, down 8.0% from the August 15 total of 371,200 shares. Based on an average trading volume of 121,500 shares, the short-term interest rate ratio is currently 2.8 days.

Hedge funds weigh on Grupo Aval Acciones y Valores

Several hedge funds and other institutional investors have recently changed their holdings to DOWNSTREAM. Itau Unibanco Holding SA bought a new position in shares of Grupo Aval Acciones y Valores during the fourth quarter worth approximately $3,196,000. Veriti Management LLC increased its stake in Grupo Aval Acciones y Valores by 15.3% in the first quarter. Veriti Management LLC now owns 51,150 shares of the bank worth $233,000 after purchasing an additional 6,790 shares during the period. Envestnet Asset Management Inc. increased its holdings in Grupo Aval Acciones y Valores by 5.1% in the first quarter. Envestnet Asset Management Inc. now owns 128,551 shares of the bank worth $585,000 after purchasing an additional 6,247 shares during the period. Mercer Global Advisors Inc. ADV increased its stake in Grupo Aval Acciones y Valores by 16.6% in the first quarter. Mercer Global Advisors Inc. ADV now owns 45,632 shares of the bank worth $208,000 after purchasing an additional 6,505 shares during the period. Finally, StoneX Group Inc. acquired a new stake in Grupo Aval Acciones y Valores in the first quarter worth approximately $1,264,000. Hedge funds and other institutional investors own 0.33% of the company’s shares.

Grupo Aval Acciones y Valores Performance Awards

Shares of NYSE AVAL opened at $2.94 on Tuesday. Grupo Aval Acciones y Valores has a 1-year minimum of $2.75 and a 1-year maximum of $6.15. The company has a debt ratio of 1.06, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50-day moving average is $3.26 and its 200-day moving average is $3.98. The stock has a market capitalization of $3.26 billion, a P/E ratio of 2.90 and a beta of 1.32.

Grupo Aval Acciones y Valores (NYSE:AVAL – Get Rating) last announced its quarterly results on Friday, August 12. The bank reported earnings per share (EPS) of $0.15 for the quarter. Grupo Aval Acciones y Valores achieved a net margin of 16.58% and a return on equity of 8.43%. The company posted revenue of $739.12 million for the quarter. On average, sell-side analysts expect Grupo Aval Acciones y Valores to post earnings per share of 0.82 for the current year.

Wall Street analysts predict growth

Separately, TheStreet downgraded the shares of Grupo Aval Acciones y Valores from a “c” rating to a “d+” rating in a Wednesday, August 31 research note.

Company Profile Grupo Aval Acciones y Valores

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Grupo Aval Acciones y Valores SA provides a range of financial services and products to public and private sector clients in Colombia and Central America. It offers traditional deposit services and products, including checking accounts, savings accounts, term deposits and other deposits. The Company also offers commercial loans including general purpose loans, working capital loans, leases, loans financed by development banks, corporate credit cards and overdraft loans; consumer loans, such as payday loans, personal loans, car and other vehicle loans, credit cards, overdrafts, leases and general purpose loans; and microcredit and mortgages.

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