Two Sigma Investments LP Lowers Position in Banco Macro S.A. (NYSE:BMA)

Two Sigma Investments LP trimmed its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 44.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,758 shares of the bank's stock after selling 38,645 shares during the quarter. Two Sigma Investments LP owned 0.08% of Banco Macro worth $4,718,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in Banco Macro by 1,829.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 598 shares of the bank's stock worth $58,000 after buying an additional 567 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Banco Macro during the 4th quarter worth approximately $63,000. Blue Trust Inc. increased its holdings in Banco Macro by 171.6% in the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank's stock valued at $188,000 after purchasing an additional 1,225 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in Banco Macro in the fourth quarter valued at approximately $199,000. Finally, Alliance Wealth Advisors LLC UT purchased a new stake in Banco Macro in the fourth quarter valued at approximately $207,000.

Banco Macro Stock Performance

BMA traded down $0.22 during trading on Friday, hitting $84.47. 380,271 shares of the stock were exchanged, compared to its average volume of 321,743. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The stock has a fifty day moving average price of $85.49 and a two-hundred day moving average price of $90.48. The firm has a market capitalization of $5.40 billion, a P/E ratio of 7.40 and a beta of 1.73.

Banco Macro (NYSE:BMA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The bank reported $0.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.76 by ($1.11). Banco Macro had a return on equity of 26.55% and a net margin of 15.12%. The company had revenue of $759.36 million for the quarter, compared to analyst estimates of $837.49 billion. As a group, sell-side analysts predict that Banco Macro S.A. will post 7.84 earnings per share for the current year.

Wall Street Analyst Weigh In

BMA has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of Banco Macro from $78.00 to $89.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Itau BBA Securities assumed coverage on shares of Banco Macro in a research note on Tuesday, May 20th. They issued a "market perform" rating and a $85.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $62.13.

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.