Yorktown Management & Research Co Inc Takes $399,000 Position in Macro Bank Inc. (BMA)
Yorktown Management & Research Co Inc purchased a new position in Macro Bank Inc. (NYSE:BMA) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,400 shares of the bank’s stock, valued at approximately $399,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Macro Bank by 6.6% in the second quarter. The Manufacturers Life Insurance Company now owns 117,454 shares of the bank’s stock worth $10,828,000 after purchasing an additional 7,245 shares during the period. Columbus Hill Capital Management L.P. bought a new position in shares of Macro Bank during the second quarter worth $580,000. American Century Companies Inc. bought a new position in shares of Macro Bank during the second quarter worth $10,537,000. DSAM Partners London Ltd bought a new position in shares of Macro Bank during the second quarter worth $22,072,000. Finally, Global X MANAGEMENT CO LLC boosted its position in shares of Macro Bank by 27.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 139,584 shares of the bank’s stock worth $16,380,000 after acquiring an additional 29,637 shares during the last quarter. Institutional investors and hedge funds own 28.62% of the company’s stock.
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Shares of Macro Bank Inc. (NYSE:BMA) traded down $2.33 during trading hours on Wednesday, hitting $96.68. 379,300 shares of the company were exchanged, compared to its average volume of 200,394. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.18. Macro Bank Inc. has a 12-month low of $61.12 and a 12-month high of $136.10. The company has a market capitalization of $6,520.40, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 2.40 and a beta of 1.33.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research report on Tuesday. ValuEngine lowered shares of Macro Bank from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Goldman Sachs Group, Inc. (The) lowered shares of Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 target price for the company. in a research report on Monday, September 11th. Santander lowered shares of Macro Bank from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. Finally, BidaskClub upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $112.35.
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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