Truffle Hound Capital LLC Sells 90,000 Shares of BanColombia S.A. (NYSE:CIB)

Key Points

• Truffle Hound Capital LLC reduced its stake in BanColombia S.A. by 25.7%, now holding 260,000 shares valued at approximately $10.45 million.
• Several other institutional investors increased their positions in BanColombia during the first quarter, with Whipplewood Advisors boosting its holdings by an impressive 4,800.9%.
• UBS Group has maintained a "neutral" rating on BanColombia, raising the price target to $38.00 while the average stock rating remains a "Hold" with a consensus price target of $39.00.

Truffle Hound Capital LLC decreased its holdings in shares of BanColombia S.A. (NYSE:CIB - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,000 shares of the bank's stock after selling 90,000 shares during the quarter. BanColombia makes up approximately 3.8% of Truffle Hound Capital LLC's portfolio, making the stock its 2nd biggest position. Truffle Hound Capital LLC owned approximately 0.11% of BanColombia worth $10,452,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of BanColombia by 40.0% in the fourth quarter. JPMorgan Chase & Co. now owns 484,281 shares of the bank's stock valued at $15,260,000 after acquiring an additional 138,461 shares in the last quarter. Integrated Quantitative Investments LLC purchased a new stake in shares of BanColombia in the fourth quarter valued at $693,000. QRG Capital Management Inc. lifted its position in shares of BanColombia by 9.4% in the first quarter. QRG Capital Management Inc. now owns 15,840 shares of the bank's stock valued at $637,000 after acquiring an additional 1,364 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of BanColombia by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 3,099,224 shares of the bank's stock valued at $97,657,000 after acquiring an additional 19,499 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in shares of BanColombia in the fourth quarter valued at $3,128,000.

Wall Street Analyst Weigh In

Separately, UBS Group restated a "neutral" rating and issued a $38.00 price objective (up from $35.00) on shares of BanColombia in a report on Monday, June 2nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $39.00.

BanColombia Stock Up 0.6%

Shares of CIB traded up $0.27 during trading hours on Tuesday, hitting $44.92. 204,760 shares of the company were exchanged, compared to its average volume of 395,762. The company has a market cap of $10.80 billion, a PE ratio of 7.20, a PEG ratio of 0.96 and a beta of 0.92. The firm's 50 day moving average is $44.06 and its 200-day moving average is $41.76. BanColombia S.A. has a 52 week low of $30.57 and a 52 week high of $46.81. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.00 and a current ratio of 1.00.

About BanColombia

Bancolombia SA, together with its subsidiaries, provides banking products and services in Colombia and internationally. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other.