Arrowstreet Capital Limited Partnership cut its stake in shares of Banco Macro SA (NYSE:BMA) by 45.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 198,524 shares of the bank’s stock after selling 162,766 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Banco Macro were worth $23,005,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Banco Macro by 66.6% during the second quarter. Royal Bank of Canada now owns 1,401 shares of the bank’s stock worth $129,000 after acquiring an additional 560 shares during the period. Rational Advisors LLC increased its position in shares of Banco Macro by 30.4% during the fourth quarter. Rational Advisors LLC now owns 3,000 shares of the bank’s stock worth $348,000 after acquiring an additional 700 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Banco Macro during the third quarter worth approximately $317,000. Yorktown Management & Research Co Inc purchased a new position in shares of Banco Macro during the third quarter worth approximately $399,000. Finally, Invictus RG increased its position in shares of Banco Macro by 1,003.0% during the third quarter. Invictus RG now owns 3,629 shares of the bank’s stock worth $426,000 after acquiring an additional 3,300 shares during the period. 30.81% of the stock is currently owned by institutional investors and hedge funds.
Banco Macro SA (NYSE BMA) opened at $113.11 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.24 and a current ratio of 1.26. Banco Macro SA has a one year low of $76.34 and a one year high of $136.10. The stock has a market cap of $7,416.04, a P/E ratio of 13.56, a PEG ratio of 1.99 and a beta of 1.24.
A number of equities analysts have recently commented on the stock. UBS Group lowered shares of Banco Macro from an “outperform” rating to a “market perform” rating in a research report on Friday, November 24th. Zacks Investment Research lowered shares of Banco Macro from a “buy” rating to a “strong sell” rating in a research report on Monday, February 12th. ValuEngine raised shares of Banco Macro from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Santander raised shares of Banco Macro from an “underperform” rating to a “hold” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $112.35.
COPYRIGHT VIOLATION WARNING: “Arrowstreet Capital Limited Partnership Trims Stake in Banco Macro SA (BMA)” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://transcriptdaily.com/2018/02/25/arrowstreet-capital-limited-partnership-trims-stake-in-banco-macro-sa-bma.html.
Banco Macro Company Profile
Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.
Want to see what other hedge funds are holding BMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Banco Macro SA (NYSE:BMA).
Receive News & Ratings for Banco Macro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco Macro and related companies with MarketBeat.com's FREE daily email newsletter.