Grupo Aval Acciones y Valores (NYSE:AVAL) Share Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Grupo Aval Acciones y Valores' stock price has recently crossed above its 50-day moving average of $2.99, highlighting a potential upward trend as it traded as high as $3.35.
• The company has a market capitalization of $3.95 billion and a notable price-to-earnings ratio of 10.74, indicating relatively stable pricing for investors.
• Recent moves by institutional investors included a 69.0% increase in holdings by Connor Clark & Lunn Investment Management, suggesting growing confidence in the stock.

Shares of Grupo Aval Acciones y Valores S.A. (NYSE:AVAL - Get Free Report) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.99 and traded as high as $3.35. Grupo Aval Acciones y Valores shares last traded at $3.33, with a volume of 12,796 shares.

Grupo Aval Acciones y Valores Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3.89 billion, a P/E ratio of 10.58 and a beta of 0.81. The stock has a 50 day moving average of $3.01 and a 200-day moving average of $2.87.

Hedge Funds Weigh In On Grupo Aval Acciones y Valores

A number of large investors have recently made changes to their positions in AVAL. Banco BTG Pactual S.A. increased its position in shares of Grupo Aval Acciones y Valores by 172.8% in the 1st quarter. Banco BTG Pactual S.A. now owns 93,160 shares of the bank's stock valued at $254,000 after acquiring an additional 59,006 shares during the period. Stokes Family Office LLC grew its position in shares of Grupo Aval Acciones y Valores by 51.5% during the 2nd quarter. Stokes Family Office LLC now owns 62,129 shares of the bank's stock valued at $175,000 after acquiring an additional 21,129 shares during the period. Marshall Wace LLP raised its holdings in Grupo Aval Acciones y Valores by 73.6% in the 2nd quarter. Marshall Wace LLP now owns 60,733 shares of the bank's stock worth $171,000 after purchasing an additional 25,753 shares during the period. Dauntless Investment Group LLC acquired a new position in Grupo Aval Acciones y Valores in the 1st quarter worth about $161,000. Finally, Jane Street Group LLC acquired a new stake in Grupo Aval Acciones y Valores in the 2nd quarter worth about $155,000. 0.21% of the stock is owned by institutional investors and hedge funds.

Grupo Aval Acciones y Valores Company Profile

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. It offers traditional deposit services and products, including checking accounts, savings accounts, time deposits, and other deposits. The company also provides commercial loans comprising general purpose loans, working capital loans, leases, loans funded by development banks, corporate credit cards, and overdraft loans; consumer loans, such as payroll loans, personal loans, automobile and other vehicle loans, credit cards, overdrafts, leases, and general purpose loans; and microcredit and mortgage loans.