Banco Macro S.A. (NYSE:BMA) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 139.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,904 shares of the bank's stock after purchasing an additional 8,675 shares during the period. Tidal Investments LLC's holdings in Banco Macro were worth $946,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Atlas Capital Advisors LLC acquired a new position in Banco Macro in the 2nd quarter valued at $362,000. Candriam S.C.A. acquired a new stake in shares of Banco Macro in the second quarter worth approximately $43,236,000. Acadian Asset Management LLC purchased a new stake in Banco Macro in the second quarter valued at approximately $1,466,000. LSV Asset Management increased its position in Banco Macro by 23.1% during the second quarter. LSV Asset Management now owns 78,804 shares of the bank's stock worth $4,518,000 after purchasing an additional 14,804 shares during the last quarter. Finally, Ping Capital Management Inc. purchased a new position in Banco Macro during the second quarter worth approximately $12,326,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Banco Macro from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $14.00 to $78.00 in a report on Friday, August 30th. 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 report on Monday. Finally, StockNews.com downgraded shares of Banco Macro from a "buy" rating to a "hold" rating in a research note on Thursday, September 26th.

Banco Macro Stock Up 1.5 %

Shares of NYSE BMA traded up $1.46 during trading on Friday, reaching $96.70. 264,917 shares of the stock were exchanged, compared to its average volume of 347,609. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 8.48 and a beta of 1.75. The business's 50-day moving average price is $81.81 and its 200 day moving average price is $66.91. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a twelve month low of $24.41 and a twelve month high of $109.36.

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.