Y Intercept Hong Kong Ltd raised its stake in Banco Macro S.A. (NYSE:BMA - Free Report) by 300.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,333 shares of the bank's stock after acquiring an additional 11,507 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Banco Macro were worth $974,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake in shares of Banco Macro by 118.3% in 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. Ashton Thomas Private Wealth LLC purchased a new stake in Banco Macro during the second quarter worth approximately $51,000. Headlands Technologies LLC increased its position in shares of Banco Macro by 262.0% in the second quarter. Headlands Technologies LLC now owns 2,483 shares of the bank's stock worth $142,000 after acquiring an additional 1,797 shares in the last quarter. Shilanski & Associates Inc. purchased a new position in shares of Banco Macro in the 2nd quarter valued at $244,000. Finally, Beverly Hills Private Wealth LLC raised its stake in shares of Banco Macro by 6.2% in the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank's stock valued at $316,000 after acquiring an additional 323 shares during the period.
Wall Street Analysts Forecast Growth
BMA has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded Banco Macro from an "underweight" rating to a "neutral" rating and increased their price target for the company from $14.00 to $78.00 in a report on Friday, August 30th. StockNews.com lowered Banco Macro from a "buy" rating to a "hold" rating in a research note on Thursday, September 26th.
View Our Latest Analysis on Banco Macro
Banco Macro Stock Performance
BMA traded up $3.45 during trading hours on Friday, reaching $93.03. 255,148 shares of the stock traded hands, compared to its average volume of 343,860. Banco Macro S.A. has a fifty-two week low of $24.41 and a fifty-two week high of $93.65. 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 firm's fifty day simple moving average is $78.76 and its two-hundred day simple moving average is $65.62.
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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