Crocodile Capital Partners GmbH Takes $726,000 Position in Banco Macro S.A. (NYSE:BMA)

Crocodile Capital Partners GmbH bought a new stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,500 shares of the bank's stock, valued at approximately $726,000. Banco Macro makes up about 2.0% of Crocodile Capital Partners GmbH's holdings, making the stock its 7th biggest holding.

A number of other institutional investors and hedge funds have also recently modified their holdings 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. Marshall Wace LLP increased its stake in shares of Banco Macro by 72.3% in the 2nd quarter. Marshall Wace LLP now owns 165,558 shares of the bank's stock worth $9,491,000 after acquiring an additional 69,494 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Banco Macro by 351.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank's stock worth $3,259,000 after purchasing an additional 39,947 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Banco Macro during the third quarter valued at $971,000. Finally, Point72 Asset Management L.P. bought a new stake in Banco Macro during the 3rd quarter valued at about $826,000.

Banco Macro Stock Down 1.1 %

Shares of Banco Macro stock traded down $1.13 on Friday, reaching $104.20. The stock had a trading volume of 314,897 shares, compared to its average volume of 300,376. The company has a 50 day moving average price of $97.21 and a 200 day moving average price of $75.65. 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 1 year low of $28.68 and a 1 year high of $118.42. The stock has a market capitalization of $6.66 billion, a P/E ratio of 9.13 and a beta of 1.68.

Banco Macro (NYSE:BMA - Get Free Report) last issued its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing analysts' consensus estimates of $2.21 by ($0.70). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. As a group, equities research analysts forecast that Banco Macro S.A. will post 7.87 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price for the company in a research report on Monday, December 16th.

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.