Banco Macro S.A. (NYSE:BMA - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $78.85, but opened at $88.31. Banco Macro shares last traded at $92.60, with a volume of 316,961 shares.
Banco Macro Price Performance
The stock has a market cap of $5.81 billion, a PE ratio of 7.97 and a beta of 1.53. The business has a 50 day moving average price of $82.46 and a two-hundred day moving average price of $87.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02.
Hedge Funds Weigh In On Banco Macro
Several hedge funds have recently bought and sold shares of BMA. Insigneo Advisory Services LLC lifted its holdings in shares of Banco Macro by 64.0% during the 1st quarter. Insigneo Advisory Services LLC now owns 4,174 shares of the bank's stock worth $315,000 after acquiring an additional 1,629 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new position in Banco Macro during the 1st quarter valued at $310,000. GAMMA Investing LLC lifted its holdings in Banco Macro by 31.3% in the first quarter. GAMMA Investing LLC now owns 1,029 shares of the bank's stock worth $78,000 after buying an additional 245 shares during the period. Wallace Advisory Group LLC purchased a new position in Banco Macro during the first quarter valued at $157,000. Finally, Voloridge Investment Management LLC purchased a new position in shares of Banco Macro during the fourth quarter valued at approximately $920,000.
Banco Macro Company Profile
(
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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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