Dorsey Wright & Associates lifted its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,100 shares of the bank's stock after acquiring an additional 8,679 shares during the quarter. Banco Macro makes up about 1.1% of Dorsey Wright & Associates' portfolio, making the stock its 27th biggest holding. Dorsey Wright & Associates' holdings in Banco Macro were worth $4,769,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Banco Macro by 118.3% in the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank's stock valued at $45,000 after purchasing an additional 387 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Banco Macro in the 2nd quarter valued at $51,000. Headlands Technologies LLC boosted its stake in Banco Macro by 262.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,483 shares of the bank's stock valued at $142,000 after purchasing an additional 1,797 shares during the period. Shilanski & Associates Inc. bought a new stake in Banco Macro in the 2nd quarter valued at $244,000. Finally, Beverly Hills Private Wealth LLC boosted its stake in Banco Macro by 6.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank's stock valued at $316,000 after purchasing an additional 323 shares during the period.
Banco Macro Price Performance
Shares of NYSE:BMA traded up $0.70 during trading on Friday, reaching $86.62. 227,809 shares of the company traded hands, compared to its average volume of 304,728. 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 52 week low of $24.41 and a 52 week high of $89.45. The firm has a market capitalization of $5.54 billion, a PE ratio of 7.59 and a beta of 1.75. The company's 50 day moving average is $76.98 and its two-hundred day moving average is $64.88.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Banco Macro from an "underweight" rating to a "neutral" rating and upped their target price for the company from $14.00 to $78.00 in a research report on Friday, August 30th. StockNews.com downgraded Banco Macro from a "buy" rating to a "hold" rating in a research report on Thursday, September 26th.
Read Our Latest Stock Report on BMA
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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