Banco Macro S.A. (NYSE:BMA) Short Interest Update

Banco Macro S.A. (NYSE:BMA - Get Free Report) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 536,300 shares, a decrease of 6.3% from the November 30th total of 572,600 shares. Based on an average trading volume of 292,000 shares, the short-interest ratio is presently 1.8 days. Approximately 0.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Banco Macro

Several institutional investors have recently made changes to their positions in the stock. Duquesne Family Office LLC grew its position in shares of Banco Macro by 30.9% in the second quarter. Duquesne Family Office LLC now owns 273,130 shares of the bank's stock valued at $15,659,000 after purchasing an additional 64,400 shares in the last quarter. Candriam S.C.A. purchased a new position in Banco Macro during the 2nd quarter valued at about $43,236,000. Marshall Wace LLP increased its position in shares of Banco Macro by 72.3% during the second quarter. Marshall Wace LLP now owns 165,558 shares of the bank's stock valued at $9,491,000 after buying an additional 69,494 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Banco Macro in the third quarter worth about $826,000. Finally, Y Intercept Hong Kong Ltd boosted its position 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 during the period.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Banco Macro from a "buy" rating to a "hold" rating in a report on Thursday, September 26th. Morgan Stanley upgraded 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 Stock Performance

Shares of BMA stock traded down $0.56 during trading on Tuesday, reaching $96.76. 121,600 shares of the company's stock traded hands, compared to its average volume of 343,362. The firm's 50-day moving average is $85.94 and its 200 day moving average is $69.17. The company has a market capitalization of $6.18 billion, a P/E ratio of 8.48 and a beta of 1.75. Banco Macro has a 1 year low of $24.41 and a 1 year high of $109.36. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13.

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.