Sagil Capital LLP purchased a new position in Banco Macro S.A. (NYSE:BMA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 75,830 shares of the bank's stock, valued at approximately $7,337,000. Banco Macro comprises about 3.4% of Sagil Capital LLP's portfolio, making the stock its 5th biggest holding. Sagil Capital LLP owned approximately 0.12% of Banco Macro at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Legal Advantage Investments Inc. grew its position in Banco Macro by 4.0% during the fourth quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank's stock valued at $755,000 after acquiring an additional 300 shares during the period. GAMMA Investing LLC raised 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 valued at $76,000 after acquiring an additional 452 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Banco Macro during the fourth quarter worth about $63,000. Blue Trust Inc. grew its stake in Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock worth $188,000 after buying an additional 1,225 shares during the last quarter. Finally, Burns Matteson Capital Management LLC acquired a new stake in Banco Macro in the fourth quarter worth $199,000.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 price target on the stock in a report on Monday, December 16th.
Read Our Latest Stock Report on Banco Macro
Banco Macro Stock Down 3.3 %
BMA stock traded down $2.56 during trading hours on Monday, hitting $75.82. The company's stock had a trading volume of 99,110 shares, compared to its average volume of 335,146. 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 company has a market capitalization of $4.85 billion, a PE ratio of 6.65 and a beta of 1.73. Banco Macro S.A. has a 12 month low of $42.22 and a 12 month high of $118.42. The stock has a 50 day moving average price of $89.96 and a two-hundred day moving average price of $86.30.
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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