Absolute Gestao de Investimentos Ltda. 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 23,427 shares of the bank's stock, valued at approximately $2,267,000. Banco Macro comprises about 1.0% of Absolute Gestao de Investimentos Ltda.'s portfolio, making the stock its 13th biggest holding.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in Banco Macro by 1,829.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock valued at $58,000 after acquiring an additional 567 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Banco Macro in the fourth quarter valued at $63,000. GAMMA Investing LLC increased its stake in Banco Macro by 136.1% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank's stock valued at $76,000 after purchasing an additional 452 shares during the last quarter. Blue Trust Inc. lifted its position in Banco Macro by 171.6% during the fourth 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 period. Finally, Burns Matteson Capital Management LLC acquired a new stake in Banco Macro in the 4th quarter worth about $199,000.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. increased their price objective on shares of Banco Macro from $78.00 to $89.00 and gave the stock a "neutral" rating in a report on Monday, April 21st.
Read Our Latest Stock Report on BMA
Banco Macro Stock Down 2.5 %
Shares of NYSE BMA opened at $83.13 on Friday. 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 stock has a market capitalization of $5.31 billion, a PE ratio of 7.29 and a beta of 1.53. The firm has a fifty day moving average of $82.34 and a 200-day moving average of $88.37. Banco Macro S.A. has a 52-week low of $42.23 and a 52-week high of $118.42.
Banco Macro Company Profile
(
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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