Mirabella Financial Services LLP Makes New Investment in Banco Macro S.A. (NYSE:BMA)

Mirabella Financial Services LLP bought a new stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,894 shares of the bank's stock, valued at approximately $1,248,000.

Several other institutional investors and hedge funds have also bought and sold shares of BMA. TT International Asset Management LTD lifted its holdings in Banco Macro by 86.6% in the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after buying an additional 529,610 shares during the period. William Blair Investment Management LLC boosted its holdings in Banco Macro by 136.1% in the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock valued at $55,188,000 after acquiring an additional 328,800 shares in the last quarter. Axiom Investors LLC DE increased its position in Banco Macro by 72.8% during the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock valued at $29,317,000 after purchasing an additional 127,678 shares during the period. Cape Ann Asset Management Ltd bought a new position in Banco Macro in the 4th quarter worth $20,203,000. Finally, Gemsstock Ltd. purchased a new stake in shares of Banco Macro in the 4th quarter worth about $15,349,000.

Banco Macro Stock Down 2.2 %

BMA traded down $2.12 during trading on Thursday, reaching $92.77. The stock had a trading volume of 229,896 shares, compared to its average volume of 339,541. Banco Macro S.A. has a one year low of $42.23 and a one year high of $118.42. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 8.13 and a beta of 1.53. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock's 50 day moving average is $82.51 and its two-hundred day moving average is $87.53.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price target on shares of Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a research report on Monday.

Banco Macro Profile

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.