Arrowstreet Capital Limited Partnership trimmed its position in Banco Macro S.A. (NYSE:BMA - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 315,066 shares of the bank's stock after selling 36,705 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.49% of Banco Macro worth $30,486,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Sagil Capital LLP acquired a new stake in Banco Macro in the 4th quarter valued at approximately $7,337,000. Banco BTG Pactual S.A. acquired a new stake in shares of Banco Macro in the fourth quarter valued at approximately $426,000. Fox Run Management L.L.C. acquired a new stake in shares of Banco Macro in the fourth quarter valued at approximately $377,000. Quantbot Technologies LP lifted its position in shares of Banco Macro by 2,299.2% in the fourth quarter. Quantbot Technologies LP now owns 5,878 shares of the bank's stock worth $569,000 after purchasing an additional 5,633 shares in the last quarter. Finally, HUB Investment Partners LLC acquired a new position in Banco Macro during the fourth quarter worth $326,000.
Banco Macro Stock Down 9.6 %
Shares of Banco Macro stock traded down $7.19 on Friday, reaching $67.42. 636,260 shares of the company were exchanged, compared to its average volume of 334,813. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 5.91 and a beta of 1.73. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a one year low of $42.23 and a one year high of $118.42. The company has a 50-day moving average of $87.47 and a 200 day moving average of $86.29.
Analysts Set New Price Targets
Separately, Morgan Stanley upgraded shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target on the stock in a research note on Monday, December 16th.
View Our Latest Report on BMA
About Banco Macro
(
Free Report)
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.
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