Headlands Technologies LLC cut its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 26.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,947 shares of the bank's stock after selling 4,770 shares during the quarter. Headlands Technologies LLC's holdings in Banco Macro were worth $1,253,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. TT International Asset Management LTD raised its holdings in Banco Macro by 86.6% in the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock valued at $110,411,000 after acquiring an additional 529,610 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Banco Macro in the 4th quarter valued at about $735,000. Jane Street Group LLC bought a new position in shares of Banco Macro during the third quarter worth about $421,000. HUB Investment Partners LLC acquired a new position in Banco Macro in the fourth quarter worth about $326,000. Finally, D.A. Davidson & CO. bought a new stake in Banco Macro in the fourth quarter valued at about $284,000.
Analysts Set New Price Targets
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price on the stock in a report on Monday, December 16th.
Check Out Our Latest Stock Report on BMA
Banco Macro Stock Performance
Shares of BMA stock traded down $7.19 during trading hours on Friday, reaching $67.42. The stock had a trading volume of 636,260 shares, compared to its average volume of 334,211. The firm has a market capitalization of $4.31 billion, a PE ratio of 5.91 and a beta of 1.53. The firm has a 50-day simple moving average of $86.73 and a 200-day simple moving average of $86.41. Banco Macro S.A. has a twelve month low of $42.23 and a twelve month high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79.
Banco Macro Company 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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