Mirae Asset Global Investments Co. Ltd. boosted its position in Banco Macro S.A. (NYSE:BMA - Free Report) by 54.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 208,944 shares of the bank's stock after acquiring an additional 73,524 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Banco Macro were worth $5,997,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in BMA. UBS Group AG acquired a new position in shares of Banco Macro during the third quarter valued at about $36,000. JPMorgan Chase & Co. purchased a new position in shares of Banco Macro during the second quarter valued at approximately $42,000. Barclays PLC bought a new stake in shares of Banco Macro in the 2nd quarter worth $53,000. Renaissance Technologies LLC purchased a new stake in shares of Banco Macro in the second quarter valued at about $134,000. Finally, Quantbot Technologies LP boosted its holdings in Banco Macro by 2,178.8% during the third quarter. Quantbot Technologies LP now owns 9,115 shares of the bank's stock worth $180,000 after purchasing an additional 8,715 shares during the last quarter.
Banco Macro Stock Performance
BMA stock traded down $4.00 during midday trading on Monday, hitting $47.46. The company's stock had a trading volume of 636,216 shares, compared to its average volume of 385,956. Banco Macro S.A. has a 1 year low of $16.49 and a 1 year high of $54.67. The stock's 50-day moving average price is $41.39 and its 200 day moving average price is $30.47. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.20.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Banco Macro from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 30th.
Get Our Latest Research Report on Banco Macro
Banco Macro Company Profile
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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 (ATMs), and money transfers.
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