Short Interest in GRUPO AVAL ACCI/S (NYSE:AVAL) Decreases By 55.5%

GRUPO AVAL ACCI/S (NYSE:AVAL) was the recipient of a significant decrease in short interest in the month of September. As of September 28th, there was short interest totalling 239,412 shares, a decrease of 55.5% from the September 14th total of 537,479 shares. Based on an average daily trading volume, of 197,635 shares, the days-to-cover ratio is currently 1.2 days.

Shares of NYSE:AVAL traded up $0.04 during mid-day trading on Friday, reaching $7.36. 51,310 shares of the stock were exchanged, compared to its average volume of 221,926. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $2.59 billion, a PE ratio of 12.27 and a beta of 0.63. GRUPO AVAL ACCI/S has a one year low of $6.67 and a one year high of $9.51.

GRUPO AVAL ACCI/S (NYSE:AVAL) last posted its quarterly earnings results on Thursday, August 16th. The bank reported $0.24 earnings per share for the quarter. The firm had revenue of $1.81 billion during the quarter. GRUPO AVAL ACCI/S had a return on equity of 8.56% and a net margin of 9.22%. On average, research analysts predict that GRUPO AVAL ACCI/S will post 0.76 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Tuesday, December 11th. Shareholders of record on Friday, November 30th will be paid a $0.0265 dividend. The ex-dividend date is Thursday, November 29th. This represents a yield of 4.1%. GRUPO AVAL ACCI/S’s dividend payout ratio is 50.00%.

A number of research firms have recently commented on AVAL. Zacks Investment Research lowered GRUPO AVAL ACCI/S from a “buy” rating to a “hold” rating in a research report on Wednesday, August 15th. ValuEngine lowered GRUPO AVAL ACCI/S from a “hold” rating to a “sell” rating in a research report on Thursday, July 19th. Finally, JPMorgan Chase & Co. upgraded GRUPO AVAL ACCI/S from an “underweight” rating to a “neutral” rating and set a $9.00 price objective for the company in a report on Monday, July 30th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC bought a new position in shares of GRUPO AVAL ACCI/S during the 3rd quarter worth approximately $479,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of GRUPO AVAL ACCI/S by 7.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 388,999 shares of the bank’s stock worth $3,019,000 after acquiring an additional 26,030 shares during the period. Acadian Asset Management LLC boosted its stake in shares of GRUPO AVAL ACCI/S by 19.1% during the 3rd quarter. Acadian Asset Management LLC now owns 285,015 shares of the bank’s stock worth $2,212,000 after acquiring an additional 45,732 shares during the period. Aperio Group LLC boosted its stake in shares of GRUPO AVAL ACCI/S by 21.8% during the 3rd quarter. Aperio Group LLC now owns 451,919 shares of the bank’s stock worth $3,507,000 after acquiring an additional 80,865 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of GRUPO AVAL ACCI/S by 22.4% during the 3rd quarter. Bank of Montreal Can now owns 80,765 shares of the bank’s stock worth $627,000 after acquiring an additional 14,800 shares during the period. Institutional investors own 21.59% of the company’s stock.

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GRUPO AVAL ACCI/S 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. 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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