Banco Macro (NYSE:BMA) Reaches New 1-Year High at $67.11

Banco Macro S.A. (NYSE:BMA) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $67.11 and last traded at $67.11, with a volume of 152269 shares trading hands. The stock had previously closed at $63.43.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Banco Macro from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 30th.

Banco Macro Trading Down 1.7 %

The company has a fifty day simple moving average of $49.43 and a 200-day simple moving average of $34.97. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 11.46 and a beta of 1.83.

Institutional Trading of Banco Macro

Several institutional investors and hedge funds have recently bought and sold shares of BMA. Headlands Technologies LLC acquired a new position in shares of Banco Macro in the 1st quarter valued at about $33,000. Quantbot Technologies LP boosted its position in shares of Banco Macro by 2,178.8% in the third quarter. Quantbot Technologies LP now owns 9,115 shares of the bank’s stock valued at $180,000 after acquiring an additional 8,715 shares during the period. Purus Wealth Management LLC bought a new stake in shares of Banco Macro in the fourth quarter valued at approximately $230,000. Claro Advisors LLC acquired a new position in shares of Banco Macro in the first quarter valued at $260,000. Finally, Norden Group LLC acquired a new position in shares of Banco Macro in the first quarter valued at $261,000.

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 (ATMs), and money transfers.