Oaktree Capital Management LP Has $36.64 Million Holdings in Banco Macro S.A. (NYSE:BMA)

Oaktree Capital Management LP trimmed its stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 378,625 shares of the bank's stock after selling 85,675 shares during the quarter. Oaktree Capital Management LP owned approximately 0.59% of Banco Macro worth $36,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BMA. TT International Asset Management LTD raised its stake in shares of Banco Macro by 86.6% during the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock valued at $110,411,000 after acquiring an additional 529,610 shares during the last quarter. William Blair Investment Management LLC raised its position in Banco Macro by 136.1% during the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock worth $55,188,000 after purchasing an additional 328,800 shares during the last quarter. Cape Ann Asset Management Ltd acquired a new position in Banco Macro during the 4th quarter worth about $20,203,000. Sagil Capital LLP bought a new stake in shares of Banco Macro in the 4th quarter valued at about $7,337,000. Finally, Dorsey Wright & Associates increased its stake in shares of Banco Macro by 13.1% in the third quarter. Dorsey Wright & Associates now owns 75,100 shares of the bank's stock valued at $4,769,000 after buying an additional 8,679 shares during the period.

Banco Macro Trading Down 3.0 %

Shares of BMA stock traded down $2.31 during mid-day trading on Thursday, hitting $74.44. The company's stock had a trading volume of 296,151 shares, compared to its average volume of 332,970. Banco Macro S.A. has a 52 week low of $42.22 and a 52 week high of $118.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The company's fifty day simple moving average is $88.07 and its 200-day simple moving average is $86.37. The company has a market cap of $4.76 billion, a PE ratio of 6.52 and a beta of 1.73.

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Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price objective on the stock in a research note on Monday, December 16th.

Banco Macro Company 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.