Banco Macro S.A. (NYSE:BMA)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $21.13 and last traded at $21.09, with a volume of 12210 shares changing hands. The stock had previously closed at $18.29.
Separately, Zacks Investment Research raised Banco Macro from a “sell” rating to a “hold” rating in a report on Monday, August 30th.
The business has a fifty day simple moving average of $15.52 and a two-hundred day simple moving average of $14.96. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.27 billion, a P/E ratio of 6.01 and a beta of 1.36.
A number of institutional investors and hedge funds have recently modified their holdings of BMA. Odey Asset Management Group Ltd increased its position in Banco Macro by 13.2% in the first quarter. Odey Asset Management Group Ltd now owns 1,616,796 shares of the bank’s stock worth $21,584,000 after buying an additional 187,999 shares in the last quarter. Marathon Asset Management LP purchased a new stake in Banco Macro in the first quarter worth about $2,003,000. Morgan Stanley increased its position in Banco Macro by 378.0% in the second quarter. Morgan Stanley now owns 103,473 shares of the bank’s stock worth $1,556,000 after buying an additional 81,825 shares in the last quarter. Citigroup Inc. purchased a new stake in Banco Macro in the second quarter worth about $1,217,000. Finally, Renaissance Technologies LLC purchased a new stake in Banco Macro in the second quarter worth about $1,177,000. Institutional investors and hedge funds own 7.76% of the company’s stock.
Banco Macro Company Profile (NYSE:BMA)
Banco Macro SA engages in the provision of financial and banking services. It serves the low and mid-income individuals, and small and mid-sized companies. The firm offers savings, checking accounts, time deposits, fund management, loans, mortgages, and direct banking transactions. The company was founded on November 21, 1966 and is headquartered in Buenos Aires, Argentina.
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