Axiom Investors LLC DE boosted its holdings in Banco Macro S.A. (NYSE:BMA - Free Report) by 72.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 302,983 shares of the bank's stock after acquiring an additional 127,678 shares during the quarter. Axiom Investors LLC DE owned 0.47% of Banco Macro worth $29,317,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. TT International Asset Management LTD increased its position in shares of Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after purchasing an additional 529,610 shares in the last quarter. William Blair Investment Management LLC increased its holdings in shares of Banco Macro by 136.1% during the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock worth $55,188,000 after buying an additional 328,800 shares in the last quarter. Cape Ann Asset Management Ltd bought a new position in shares of Banco Macro in the fourth quarter valued at approximately $20,203,000. Sagil Capital LLP acquired a new position in shares of Banco Macro in the 4th quarter worth approximately $7,337,000. Finally, Dorsey Wright & Associates increased its holdings in Banco Macro by 13.1% during the 3rd quarter. Dorsey Wright & Associates now owns 75,100 shares of the bank's stock valued at $4,769,000 after purchasing an additional 8,679 shares in the last quarter.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target for the company in a report on Monday, December 16th.
Read Our Latest Research Report on BMA
Banco Macro Price Performance
Shares of Banco Macro stock traded down $7.19 during midday trading on Friday, reaching $67.42. The company had a trading volume of 636,260 shares, compared to its average volume of 334,813. The stock has a fifty day simple moving average of $86.73 and a 200 day simple moving average of $86.29. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. 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 company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 5.91 and a beta of 1.73.
Banco Macro Profile
(
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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