Y Intercept Hong Kong Ltd Reduces Stock Holdings in Banco Macro S.A. (NYSE:BMA)

Y Intercept Hong Kong Ltd reduced its stake in Banco Macro S.A. (NYSE:BMA - Free Report) by 85.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,247 shares of the bank's stock after selling 13,086 shares during the period. Y Intercept Hong Kong Ltd's holdings in Banco Macro were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Banco Macro by 136.1% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after buying an additional 452 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Banco Macro by 171.6% during the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock valued at $188,000 after buying an additional 1,225 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in shares of Banco Macro during the fourth quarter valued at $199,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Banco Macro during the fourth quarter valued at $207,000. Finally, Truist Financial Corp purchased a new position in Banco Macro in the fourth quarter worth about $252,000.

Banco Macro Stock Performance

NYSE:BMA traded up $3.73 on Wednesday, hitting $85.58. The stock had a trading volume of 283,825 shares, compared to its average volume of 368,132. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 7.50 and a beta of 1.67. 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 business's 50-day simple moving average is $99.04 and its two-hundred day simple moving average is $83.26. Banco Macro S.A. has a 52-week low of $38.28 and a 52-week high of $118.42.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley raised Banco Macro from an "underweight" rating to an "overweight" rating and set a $12.50 target price on the stock in a research report on Monday, December 16th.

Banco Macro 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.