Freedom Investment Management Inc. Sells 2,862 Shares of Banco Macro S.A. (NYSE:BMA)

Freedom Investment Management Inc. decreased its stake in shares of Banco Macro S.A. (NYSE:BMA) by 31.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 6,164 shares of the bank’s stock after selling 2,862 shares during the period. Freedom Investment Management Inc.’s holdings in Banco Macro were worth $596,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BMA. SBI Securities Co. Ltd. bought a new stake in Banco Macro during the 4th quarter valued at $63,000. GAMMA Investing LLC increased its stake 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 purchasing an additional 452 shares in the last quarter. Blue Trust Inc. lifted its position in Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock worth $188,000 after acquiring an additional 1,225 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in shares of Banco Macro during the fourth quarter worth about $199,000. Finally, Alliance Wealth Advisors LLC UT acquired a new stake in Banco Macro during the 4th quarter valued at approximately $207,000.

Banco Macro Trading Up 0.8 %

Banco Macro stock opened at $90.90 on Monday. 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 stock’s 50 day simple moving average is $82.46 and its two-hundred day simple moving average is $87.29. Banco Macro S.A. has a 12 month low of $42.23 and a 12 month high of $118.42. The firm has a market cap of $5.81 billion, a PE ratio of 7.97 and a beta of 1.53.

Banco Macro 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.