Campbell & CO Investment Adviser LLC Sells 173,003 Shares of Itau Unibanco Holding S.A. $ITUB

Campbell & CO Investment Adviser LLC lessened its holdings in Itau Unibanco Holding S.A. (NYSE:ITUB) by 73.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,694 shares of the bank’s stock after selling 173,003 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in Itau Unibanco were worth $432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC lifted its holdings in Itau Unibanco by 3,590.6% during the second quarter. Farther Finance Advisors LLC now owns 4,318 shares of the bank’s stock worth $29,000 after acquiring an additional 4,201 shares during the period. Ieq Capital LLC bought a new stake in shares of Itau Unibanco during the 1st quarter worth $64,000. GAMMA Investing LLC boosted its holdings in shares of Itau Unibanco by 114.8% in the 2nd quarter. GAMMA Investing LLC now owns 9,667 shares of the bank’s stock worth $66,000 after buying an additional 5,167 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Itau Unibanco by 31.7% in the 2nd quarter. Parallel Advisors LLC now owns 10,195 shares of the bank’s stock worth $69,000 after buying an additional 2,455 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in Itau Unibanco during the second quarter valued at about $69,000.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Zacks Research lowered shares of Itau Unibanco from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Itau Unibanco in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.18.

Itau Unibanco Stock Performance

NYSE:ITUB opened at $7.66 on Monday. The business’s fifty day moving average is $7.21 and its 200 day moving average is $6.83. The firm has a market cap of $82.53 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.10 and a beta of 0.85. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.59 and a current ratio of 1.59. Itau Unibanco Holding S.A. has a 52-week low of $4.42 and a 52-week high of $7.86.

Itau Unibanco Company Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.