Cape Ann Asset Management Ltd Buys Shares of 208,800 Banco Macro S.A. (NYSE:BMA)

Cape Ann Asset Management Ltd bought a new stake in shares of Banco Macro S.A. (NYSE:BMA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 208,800 shares of the bank’s stock, valued at approximately $20,203,000. Banco Macro accounts for 12.7% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 4th biggest position. Cape Ann Asset Management Ltd owned 0.33% of Banco Macro at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Banco Macro during the 4th quarter valued at $63,000. D.A. Davidson & CO. acquired a new stake in Banco Macro during the 4th quarter valued at $284,000. Truist Financial Corp acquired a new position in shares of Banco Macro in the fourth quarter worth $252,000. Nkcfo LLC acquired a new position in shares of Banco Macro in the fourth quarter worth $677,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Banco Macro in the fourth quarter worth $199,000.

Banco Macro Trading Down 1.9 %

NYSE BMA opened at $82.22 on Tuesday. Banco Macro S.A. has a 1-year low of $38.12 and a 1-year high of $118.42. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $5.25 billion, a PE ratio of 7.21 and a beta of 1.67. The firm’s fifty day simple moving average is $99.40 and its 200-day simple moving average is $83.08.

Analyst Upgrades and Downgrades

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

Banco Macro Company Profile

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.