Redhawk Wealth Advisors Inc. bought a new stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 7,596 shares of the bank's stock, valued at approximately $735,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the business. TT International Asset Management LTD grew its stake in Banco Macro by 86.6% in the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after acquiring an additional 529,610 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock worth $76,000 after buying an additional 452 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Banco Macro by 139.3% during the third quarter. Tidal Investments LLC now owns 14,904 shares of the bank's stock valued at $946,000 after buying an additional 8,675 shares during the period. Virtu Financial LLC purchased a new position in shares of Banco Macro during the third quarter valued at $644,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of Banco Macro by 300.8% in the third quarter. Y Intercept Hong Kong Ltd now owns 15,333 shares of the bank's stock valued at $974,000 after acquiring an additional 11,507 shares in the last quarter.
Wall Street Analysts Forecast Growth
BMA has been the topic of a number of recent research reports. StockNews.com downgraded shares of Banco Macro from a "buy" rating to a "hold" rating in a research note on Thursday, September 26th. 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 report on Monday, December 16th.
Get Our Latest Report on BMA
Banco Macro Stock Down 6.2 %
Shares of Banco Macro stock traded down $6.94 on Friday, reaching $104.69. The stock had a trading volume of 417,772 shares, compared to its average volume of 383,423. Banco Macro S.A. has a 1 year low of $26.74 and a 1 year high of $118.42. The company has a 50 day moving average price of $94.01 and a 200 day moving average price of $73.36. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $6.69 billion, a P/E ratio of 9.20 and a beta of 1.68.
Banco Macro Profile
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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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