Sagil Capital LLP Makes New $7.34 Million Investment in Banco Macro S.A. (NYSE:BMA)

Sagil Capital LLP acquired a new stake in Banco Macro S.A. (NYSE:BMA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 75,830 shares of the bank’s stock, valued at approximately $7,337,000. Banco Macro comprises approximately 3.4% of Sagil Capital LLP’s investment portfolio, making the stock its 5th biggest position.

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

Banco Macro Stock Down 1.9 %

Shares of Banco Macro stock opened at $82.98 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a 12-month low of $42.23 and a 12-month high of $118.42. The company has a market cap of $5.30 billion, a P/E ratio of 7.27 and a beta of 1.73. The company’s fifty day simple moving average is $91.10 and its two-hundred day simple moving average is $85.91.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price target on the stock in a report 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.