Atlas Capital Advisors Inc. Sells 1,821 Shares of Banco Macro S.A. (NYSE:BMA)

Atlas Capital Advisors Inc. decreased its holdings in Banco Macro S.A. (NYSE:BMA) by 27.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,806 shares of the bank’s stock after selling 1,821 shares during the period. Atlas Capital Advisors Inc.’s holdings in Banco Macro were worth $465,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Axiom Investors LLC DE increased its position in Banco Macro by 72.8% during the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank’s stock worth $29,317,000 after purchasing an additional 127,678 shares in the last quarter. Sagil Capital LLP bought a new stake in shares of Banco Macro during the fourth quarter worth $7,337,000. Banco BTG Pactual S.A. acquired a new position in shares of Banco Macro during the fourth quarter worth $426,000. Fox Run Management L.L.C. bought a new position in shares of Banco Macro in the 4th quarter valued at $377,000. Finally, Quantbot Technologies LP boosted its holdings in shares of Banco Macro by 2,299.2% during the 4th quarter. Quantbot Technologies LP now owns 5,878 shares of the bank’s stock valued at $569,000 after acquiring an additional 5,633 shares in the last quarter.

Banco Macro Trading Down 9.6 %

Shares of NYSE BMA opened at $67.42 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. Banco Macro S.A. has a 52-week low of $42.23 and a 52-week high of $118.42. The stock has a market cap of $4.31 billion, a P/E ratio of 5.91 and a beta of 1.73. The firm has a 50 day moving average price of $86.73 and a two-hundred day moving average price of $86.29.

Analysts Set New Price Targets

Separately, Morgan Stanley raised Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price for the company in a report on Monday, December 16th.

Banco Macro Company Profile

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.