Macro Bank Inc. (BMA) Shares Bought by Global X MANAGEMENT CO LLC
Global X MANAGEMENT CO LLC increased its stake in Macro Bank Inc. (NYSE:BMA) by 27.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,584 shares of the bank’s stock after buying an additional 29,637 shares during the quarter. Global X MANAGEMENT CO LLC owned about 0.21% of Macro Bank worth $16,380,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the company. Carmignac Gestion grew its stake in shares of Macro Bank by 540.5% in the second quarter. Carmignac Gestion now owns 1,746,620 shares of the bank’s stock valued at $161,021,000 after buying an additional 1,473,904 shares in the last quarter. PointState Capital LP grew its stake 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 buying an additional 1,102,900 shares in the last quarter. Third Point LLC acquired a new stake in shares of Macro Bank in the second quarter valued at about $82,971,000. Alliancebernstein L.P. grew its stake 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 buying an additional 292,249 shares in the last quarter. Finally, William Blair Investment Management LLC grew its stake 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 buying an additional 41,239 shares in the last quarter. Institutional investors and hedge funds own 27.97% of the company’s stock.
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A number of equities research analysts have recently issued reports on BMA shares. ValuEngine upgraded Macro Bank from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 28th. Zacks Investment Research lowered Macro Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. BidaskClub upgraded Macro Bank from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Santander lowered Macro Bank from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) lowered 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Macro Bank presently has an average rating of “Hold” and a consensus price target of $116.35.
Shares of Macro Bank Inc. (BMA) traded down $3.85 on Friday, reaching $117.18. The company had a trading volume of 201,383 shares, compared to its average volume of 276,734. The stock has a market capitalization of $7,690.00, a P/E ratio of 16.33, a P/E/G ratio of 2.95 and a beta of 1.33. Macro Bank Inc. has a 1 year low of $61.12 and a 1 year high of $136.10. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.24 and a quick ratio of 1.24.
Macro Bank 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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