Glenorchy Capital Ltd Sells 6,970 Shares of Banco Macro S.A. (NYSE:BMA)

Glenorchy Capital Ltd reduced its stake in Banco Macro S.A. (NYSE:BMA - Free Report) by 11.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,176 shares of the bank's stock after selling 6,970 shares during the quarter. Banco Macro makes up approximately 3.1% of Glenorchy Capital Ltd's investment portfolio, making the stock its 9th largest position. Glenorchy Capital Ltd owned about 0.08% of Banco Macro worth $5,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. TT International Asset Management LTD grew its holdings in Banco Macro by 86.6% in the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock valued at $110,411,000 after buying an additional 529,610 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Banco Macro by 136.1% during the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank's stock worth $55,188,000 after purchasing an additional 328,800 shares during the period. Duquesne Family Office LLC grew its holdings in shares of Banco Macro by 14.5% during the 4th quarter. Duquesne Family Office LLC now owns 485,430 shares of the bank's stock worth $46,970,000 after purchasing an additional 61,300 shares during the period. Axiom Investors LLC DE grew its holdings in shares of Banco Macro by 72.8% during the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank's stock worth $29,317,000 after purchasing an additional 127,678 shares during the period. Finally, Cape Ann Asset Management Ltd purchased a new position in shares of Banco Macro during the 4th quarter worth $20,203,000.

Banco Macro Trading Down 1.1%

BMA traded down $1.07 during mid-day trading on Wednesday, hitting $91.94. 82,378 shares of the stock were exchanged, compared to its average volume of 328,165. The firm's fifty day moving average is $82.99 and its two-hundred day moving average is $89.19. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.87 billion, a PE ratio of 8.06 and a beta of 1.73.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price target on Banco Macro from $78.00 to $89.00 and gave the stock a "neutral" rating in a report on Monday, April 21st.

Banco Macro Company 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.