PointState Capital LP Grows Holdings in Banco Macro S.A. (NYSE:BMA)

PointState Capital LP grew its holdings in shares of Banco Macro S.A. (NYSE:BMA - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,020 shares of the bank's stock after buying an additional 68,096 shares during the period. PointState Capital LP owned 0.53% of Banco Macro worth $32,804,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Banco Macro by 84.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 539,074 shares of the bank's stock valued at $52,161,000 after buying an additional 247,070 shares in the last quarter. Duquesne Family Office LLC grew its holdings in Banco Macro by 14.5% in the fourth 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. Cubist Systematic Strategies LLC grew its holdings in Banco Macro by 570.6% in the fourth quarter. Cubist Systematic Strategies LLC now owns 56,986 shares of the bank's stock worth $5,514,000 after purchasing an additional 48,488 shares during the period. Cetera Investment Advisers grew its holdings in Banco Macro by 31.2% in the fourth quarter. Cetera Investment Advisers now owns 9,215 shares of the bank's stock worth $892,000 after purchasing an additional 2,194 shares during the period. Finally, Brevan Howard Capital Management LP grew its holdings in Banco Macro by 83.0% in the fourth quarter. Brevan Howard Capital Management LP now owns 145,761 shares of the bank's stock worth $14,378,000 after purchasing an additional 66,109 shares during the period.

Banco Macro Stock Up 0.1%

Banco Macro stock traded up $0.05 during mid-day trading on Tuesday, reaching $96.59. The stock had a trading volume of 104,305 shares, compared to its average volume of 327,973. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 8.46 and a beta of 1.73. The company has a 50-day moving average price of $83.87 and a two-hundred day moving average price of $89.71. Banco Macro S.A. has a one year low of $42.23 and a one year high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79.

Analyst Ratings Changes

A number of brokerages have weighed in on BMA. JPMorgan Chase & Co. upped their price objective on shares of Banco Macro from $78.00 to $89.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Itau BBA Securities began coverage on shares of Banco Macro in a research note on Tuesday. They issued a "market perform" rating and a $85.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently 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.