GAMMA Investing LLC Purchases 27,748 Shares of Banco De Chile (NYSE:BCH)

GAMMA Investing LLC boosted its position in shares of Banco De Chile (NYSE:BCH - Free Report) by 3,806.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,477 shares of the bank's stock after buying an additional 27,748 shares during the quarter. GAMMA Investing LLC's holdings in Banco De Chile were worth $754,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BCH. Signaturefd LLC increased its position in shares of Banco De Chile by 14.5% in the fourth quarter. Signaturefd LLC now owns 3,903 shares of the bank's stock valued at $89,000 after acquiring an additional 493 shares during the period. Atlas Capital Advisors Inc. grew its stake in shares of Banco De Chile by 30.7% in the fourth quarter. Atlas Capital Advisors Inc. now owns 6,324 shares of the bank's stock worth $143,000 after purchasing an additional 1,487 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Banco De Chile during the 4th quarter valued at about $151,000. Aquatic Capital Management LLC purchased a new position in Banco De Chile during the 4th quarter valued at about $184,000. Finally, Quadrant Capital Group LLC raised its position in Banco De Chile by 9.6% during the 4th quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank's stock valued at $206,000 after purchasing an additional 793 shares during the last quarter. 1.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Banco De Chile from a "sell" rating to a "hold" rating in a research report on Friday, May 2nd.

Banco De Chile Trading Down 0.3%

Banco De Chile stock traded down $0.10 during mid-day trading on Wednesday, reaching $29.47. 139,198 shares of the company traded hands, compared to its average volume of 287,412. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.48 and a quick ratio of 1.48. Banco De Chile has a 52-week low of $22.06 and a 52-week high of $31.84. The firm has a market capitalization of $14.88 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 6.34 and a beta of 0.26. The firm's 50 day moving average price is $29.87 and its 200 day moving average price is $26.64.

About Banco De Chile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.