Banco Macro S.A. (NYSE:BMA) Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of Banco Macro S.A. (NYSE:BMA) by 300.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,333 shares of the bank’s stock after purchasing an additional 11,507 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Banco Macro were worth $974,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in shares of Banco Macro by 118.3% in the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock valued at $45,000 after buying an additional 387 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Banco Macro during the 2nd quarter worth approximately $51,000. Headlands Technologies LLC increased its position in shares of Banco Macro by 262.0% in the 2nd quarter. Headlands Technologies LLC now owns 2,483 shares of the bank’s stock valued at $142,000 after purchasing an additional 1,797 shares during the last quarter. Shilanski & Associates Inc. acquired a new stake in shares of Banco Macro in the 2nd quarter valued at $244,000. Finally, Beverly Hills Private Wealth LLC lifted its position in shares of Banco Macro by 6.2% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 5,505 shares of the bank’s stock worth $316,000 after purchasing an additional 323 shares during the last quarter.

Analysts Set New Price Targets

Several research firms recently commented on BMA. JPMorgan Chase & Co. raised Banco Macro from an “underweight” rating to a “neutral” rating and increased their target price for the company from $14.00 to $78.00 in a report on Friday, August 30th. StockNews.com downgraded Banco Macro from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

Banco Macro Stock Down 1.2 %

Shares of NYSE:BMA opened at $89.57 on Friday. The firm has a 50 day simple moving average of $78.76 and a 200-day simple moving average of $65.62. Banco Macro S.A. has a twelve month low of $24.41 and a twelve month high of $91.73. 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 $5.73 billion, a PE ratio of 7.85 and a beta of 1.75.

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.