Gemsstock Ltd. Invests $15.35 Million in Banco Macro S.A. (NYSE:BMA)

Gemsstock Ltd. purchased a new position in shares of Banco Macro S.A. (NYSE:BMA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 158,625 shares of the bank's stock, valued at approximately $15,349,000. Banco Macro comprises approximately 3.1% of Gemsstock Ltd.'s holdings, making the stock its 8th biggest holding. Gemsstock Ltd. owned about 0.25% of Banco Macro as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. TT International Asset Management LTD grew its holdings in shares of 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 worth $110,411,000 after purchasing an additional 529,610 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Banco Macro by 136.1% during the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock worth $55,188,000 after buying an additional 328,800 shares in the last quarter. Cape Ann Asset Management Ltd bought a new stake in Banco Macro in the 4th quarter valued at $20,203,000. Axiom Investors LLC DE raised its stake in shares of Banco Macro by 72.8% in the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock valued at $29,317,000 after buying an additional 127,678 shares in the last quarter. Finally, Sagil Capital LLP bought a new position in shares of Banco Macro during the 4th quarter worth about $7,337,000.

Banco Macro Price Performance

BMA stock traded up $8.15 during trading on Friday, hitting $79.65. The company had a trading volume of 392,938 shares, compared to its average volume of 336,368. The company has a fifty day moving average price of $83.18 and a two-hundred day moving average price of $86.19. Banco Macro S.A. has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The company has a market cap of $5.09 billion, a P/E ratio of 6.85 and a beta of 1.53. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

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Analyst Ratings Changes

Separately, Morgan Stanley raised shares of Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price 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.