Dorsey Wright & Associates increased its position in shares of Macro Bank Inc. (NYSE:BMA) by 40.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,047 shares of the bank’s stock after buying an additional 13,267 shares during the period. Macro Bank accounts for approximately 1.3% of Dorsey Wright & Associates’ investment portfolio, making the stock its 15th biggest position. Dorsey Wright & Associates owned approximately 0.07% of Macro Bank worth $5,489,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Carmignac Gestion boosted its position in Macro Bank by 540.5% during the second quarter. Carmignac Gestion now owns 1,746,620 shares of the bank’s stock worth $161,021,000 after purchasing an additional 1,473,904 shares during the period. PointState Capital LP boosted its position in shares of Macro Bank by 179.4% in the second quarter. PointState Capital LP now owns 1,717,800 shares of the bank’s stock valued at $158,364,000 after acquiring an additional 1,102,900 shares during the period. Third Point LLC bought a new stake in shares of Macro Bank in the second quarter valued at about $82,971,000. Alliancebernstein L.P. boosted its position in shares of Macro Bank by 127.0% in the second quarter. Alliancebernstein L.P. now owns 522,292 shares of the bank’s stock valued at $48,150,000 after acquiring an additional 292,249 shares during the period. Finally, William Blair Investment Management LLC boosted its position in shares of Macro Bank by 10.1% in the second quarter. William Blair Investment Management LLC now owns 447,759 shares of the bank’s stock valued at $41,279,000 after acquiring an additional 41,239 shares during the period. Institutional investors and hedge funds own 28.62% of the company’s stock.
Macro Bank Inc. (NYSE BMA) traded down $2.33 during trading on Wednesday, hitting $96.68. The stock had a trading volume of 379,300 shares, compared to its average volume of 200,394. Macro Bank Inc. has a one year low of $61.12 and a one year high of $136.10. The firm has a market capitalization of $6,520.40, a P/E ratio of 12.66, a P/E/G ratio of 2.40 and a beta of 1.33. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.24 and a quick ratio of 1.24.
Several equities research analysts recently weighed in on BMA shares. Santander cut shares of Macro Bank from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. ValuEngine raised shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Macro Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. BidaskClub raised Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Finally, Goldman Sachs Group, Inc. (The) downgraded Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 target price for the company. in a research note on Monday, September 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $112.35.
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Macro Bank 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.
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