GAMMA Investing LLC Raises Holdings in Banco De Chile (NYSE:BCH)

GAMMA Investing LLC lifted its stake in Banco De Chile (NYSE:BCH) by 3,806.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,477 shares of the bank’s stock after acquiring an additional 27,748 shares during the period. GAMMA Investing LLC’s holdings in Banco De Chile were worth $754,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Signaturefd LLC increased its position in Banco De Chile by 14.5% during the 4th quarter. Signaturefd LLC now owns 3,903 shares of the bank’s stock valued at $89,000 after buying an additional 493 shares in the last quarter. Atlas Capital Advisors Inc. boosted its position in Banco De Chile by 30.7% during 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 in the last quarter. Raiffeisen Bank International AG purchased a new position in shares of Banco De Chile in the fourth quarter valued at approximately $151,000. Aquatic Capital Management LLC purchased a new position in shares of Banco De Chile in the fourth quarter valued at approximately $184,000. Finally, Quadrant Capital Group LLC lifted its position in shares of Banco De Chile by 9.6% in the fourth quarter. Quadrant Capital Group LLC now owns 9,084 shares of the bank’s stock valued at $206,000 after acquiring an additional 793 shares in the last quarter. 1.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised Banco De Chile from a “sell” rating to a “hold” rating in a report on Friday, May 2nd.

Banco De Chile Price Performance

BCH stock opened at $29.54 on Wednesday. Banco De Chile has a 52-week low of $22.06 and a 52-week high of $31.84. The business has a fifty day moving average of $29.87 and a two-hundred day moving average of $26.64. The stock has a market cap of $14.92 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 6.34 and a beta of 0.26. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.09.

Banco De Chile Profile

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.