TT International Asset Management LTD raised its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 86.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,141,086 shares of the bank's stock after purchasing an additional 529,610 shares during the period. Banco Macro accounts for approximately 16.2% of TT International Asset Management LTD's investment portfolio, making the stock its biggest holding. TT International Asset Management LTD owned about 1.79% of Banco Macro worth $110,411,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its stake in Banco Macro by 118.3% during the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank's stock valued at $45,000 after purchasing an additional 387 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Banco Macro by 136.1% in 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 during the period. Ashton Thomas Private Wealth LLC purchased a new position in Banco Macro in the 2nd quarter worth $51,000. Headlands Technologies LLC raised its stake in Banco Macro by 262.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,483 shares of the bank's stock worth $142,000 after acquiring an additional 1,797 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new stake in Banco Macro during the 3rd quarter worth about $381,000.
Banco Macro Stock Performance
NYSE:BMA traded down $6.28 during mid-day trading on Monday, hitting $107.56. The company's stock had a trading volume of 368,960 shares, compared to its average volume of 394,051. The business's fifty day moving average is $91.33 and its two-hundred day moving average is $72.05. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 9.43 and a beta of 1.68. 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 S.A. has a 1 year low of $25.11 and a 1 year high of $118.42.
Analysts Set New Price Targets
Several research analysts have recently issued reports on the company. StockNews.com cut Banco Macro from a "buy" rating to a "hold" rating in a research note on Thursday, September 26th. Morgan Stanley upgraded shares of 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.
View Our Latest Stock Analysis on Banco Macro
About Banco Macro
(
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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