HUB Investment Partners LLC acquired a new position in Banco Macro S.A. (NYSE:BMA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,370 shares of the bank's stock, valued at approximately $326,000.
Other hedge funds have also recently bought and sold shares of the company. Legal Advantage Investments Inc. grew its position in Banco Macro by 4.0% in the 4th quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank's stock worth $755,000 after purchasing an additional 300 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock worth $76,000 after buying an additional 452 shares during the period. SBI Securities Co. Ltd. bought a new position in Banco Macro in the 4th quarter worth approximately $63,000. Blue Trust Inc. increased its position in Banco Macro by 171.6% in the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock valued at $188,000 after acquiring an additional 1,225 shares during the period. Finally, Burns Matteson Capital Management LLC bought a new stake in Banco Macro during the 4th quarter valued at $199,000.
Banco Macro Price Performance
Shares of Banco Macro stock traded down $1.63 on Wednesday, hitting $82.98. The company had a trading volume of 274,962 shares, compared to its average volume of 334,047. Banco Macro S.A. has a 52 week low of $42.23 and a 52 week 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. The company has a market cap of $5.30 billion, a PE ratio of 7.27 and a beta of 1.73. The business has a 50-day simple moving average of $91.74 and a 200-day simple moving average of $85.94.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target for the company in a research note on Monday, December 16th.
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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.
Further Reading
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