Fox Run Management L.L.C. Takes Position in Banco Macro S.A. (NYSE:BMA)

Fox Run Management L.L.C. purchased a new stake in Banco Macro S.A. (NYSE:BMA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,892 shares of the bank's stock, valued at approximately $377,000.

A number of other large investors have also recently modified their holdings of the company. TT International Asset Management LTD increased its position in 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 valued at $110,411,000 after purchasing an additional 529,610 shares during the period. William Blair Investment Management LLC boosted 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 valued at $55,188,000 after acquiring 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 4th quarter worth $20,203,000. BNP Paribas Financial Markets lifted its stake in shares of Banco Macro by 351.0% during 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 during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Banco Macro during the third quarter valued at about $971,000.

Analysts Set New Price Targets

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

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Banco Macro Stock Down 2.1 %

Shares of BMA stock traded down $1.68 during trading hours on Friday, reaching $78.50. 200,183 shares of the company's stock were exchanged, compared to its average volume of 333,531. 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 cap of $5.02 billion, a price-to-earnings ratio of 6.88 and a beta of 1.73. Banco Macro S.A. has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The stock's 50 day moving average is $89.96 and its 200-day moving average is $86.30.

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.