Sloane Robinson LLP Has $4.39 Million Stake in Macro Bank Inc. (BMA)
Sloane Robinson LLP grew its position in Macro Bank Inc. (NYSE:BMA) by 18.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,400 shares of the bank’s stock after purchasing an additional 5,900 shares during the period. Macro Bank comprises about 2.0% of Sloane Robinson LLP’s portfolio, making the stock its 13th largest position. Sloane Robinson LLP owned about 0.06% of Macro Bank worth $4,389,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the company. Carmignac Gestion raised its holdings 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 purchasing an additional 1,473,904 shares during the last quarter. PointState Capital LP raised its holdings 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 purchasing an additional 1,102,900 shares during the last quarter. Third Point LLC purchased a new stake in shares of Macro Bank in the second quarter valued at about $82,971,000. Alliancebernstein L.P. raised its holdings 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 purchasing an additional 292,249 shares during the last quarter. Finally, William Blair Investment Management LLC raised its holdings 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 purchasing an additional 41,239 shares during the last quarter. Institutional investors own 28.62% of the company’s stock.
Several brokerages have recently commented on BMA. Zacks Investment Research downgraded shares of Macro Bank from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine downgraded shares of Macro Bank from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Santander downgraded shares of Macro Bank from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 price objective for the company. in a report on Monday, September 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Macro Bank has a consensus rating of “Hold” and a consensus price target of $112.35.
Macro Bank Inc. (NYSE BMA) traded up $3.00 during midday trading on Thursday, reaching $99.68. 568,900 shares of the company were exchanged, compared to its average volume of 202,025. 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. The stock has a market capitalization of $6,366.96, a P/E ratio of 12.36, a PEG ratio of 2.35 and a beta of 1.33.
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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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