Cubist Systematic Strategies LLC Has $5.51 Million Position in Banco Macro S.A. (NYSE:BMA)

Cubist Systematic Strategies LLC increased its stake in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 570.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,986 shares of the bank's stock after buying an additional 48,488 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.09% of Banco Macro worth $5,514,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in BMA. TT International Asset Management LTD increased its position in shares of Banco Macro by 86.6% in the fourth quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank's stock worth $110,411,000 after purchasing an additional 529,610 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Banco Macro in the 4th quarter valued at about $735,000. Jump Financial LLC raised its position in shares of Banco Macro by 201.8% in the 4th quarter. Jump Financial LLC now owns 24,992 shares of the bank's stock valued at $2,418,000 after buying an additional 16,710 shares in the last quarter. HUB Investment Partners LLC bought a new stake in shares of Banco Macro during the 4th quarter worth approximately $326,000. Finally, D.A. Davidson & CO. bought a new stake in shares of Banco Macro during the 4th quarter worth approximately $284,000.

Banco Macro Price Performance

NYSE BMA traded up $4.87 during trading on Monday, hitting $92.94. 484,464 shares of the company's stock were exchanged, compared to its average volume of 329,012. The company has a market cap of $5.94 billion, a PE ratio of 8.15 and a beta of 1.73. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The stock's 50 day moving average price is $82.63 and its two-hundred day moving average price is $89.07.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Banco Macro from $78.00 to $89.00 and gave the company a "neutral" rating in a research report on Monday, April 21st.

About Banco Macro

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.