Quantbot Technologies LP Acquires 5,633 Shares of Banco Macro S.A. (NYSE:BMA)

Quantbot Technologies LP boosted its stake in shares of Banco Macro S.A. (NYSE:BMA) by 2,299.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,878 shares of the bank’s stock after buying an additional 5,633 shares during the period. Quantbot Technologies LP’s holdings in Banco Macro were worth $569,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Banco Macro during the 4th quarter valued at $63,000. GAMMA Investing LLC boosted its position in Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after acquiring an additional 452 shares in the last quarter. Blue Trust Inc. grew its stake in Banco Macro by 171.6% in the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock valued at $188,000 after purchasing an additional 1,225 shares during the last quarter. Burns Matteson Capital Management LLC purchased a new stake in Banco Macro during the fourth quarter valued at approximately $199,000. Finally, Alliance Wealth Advisors LLC UT acquired a new stake in shares of Banco Macro in the 4th quarter worth $207,000.

Banco Macro Price Performance

Shares of BMA opened at $80.29 on Friday. The company has a market capitalization of $5.13 billion, a P/E ratio of 7.04 and a beta of 1.73. Banco Macro S.A. has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The business’s 50-day moving average is $90.48 and its two-hundred day moving average is $85.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02.

Analyst Ratings Changes

Separately, Morgan Stanley raised shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price on the stock in a research report on Monday, December 16th.

About Banco Macro

Banco Macro SA provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines, and money transfers.