Headlands Technologies LLC Reduces Stake in Banco Macro S.A. (NYSE:BMA)

Headlands Technologies LLC cut its position in shares of Banco Macro S.A. (NYSE:BMA) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,947 shares of the bank’s stock after selling 4,770 shares during the period. Headlands Technologies LLC’s holdings in Banco Macro were worth $1,253,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. TT International Asset Management LTD grew its holdings in shares of Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock worth $110,411,000 after purchasing an additional 529,610 shares during the period. William Blair Investment Management LLC increased its position in shares of Banco Macro by 136.1% during the fourth quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank’s stock valued at $55,188,000 after acquiring an additional 328,800 shares during the last quarter. Cape Ann Asset Management Ltd purchased a new stake in shares of Banco Macro in the 4th quarter valued at approximately $20,203,000. Axiom Investors LLC DE lifted its holdings in shares of Banco Macro by 72.8% in the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank’s stock worth $29,317,000 after acquiring an additional 127,678 shares during the last quarter. Finally, Sagil Capital LLP purchased a new position in shares of Banco Macro during the 4th quarter worth approximately $7,337,000.

Banco Macro Stock Performance

Shares of BMA stock opened at $76.60 on Wednesday. The stock has a market capitalization of $4.89 billion, a PE ratio of 6.71 and a beta of 1.73. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13. Banco Macro S.A. has a 52 week low of $42.23 and a 52 week high of $118.42. The firm has a 50 day moving average of $88.72 and a two-hundred day moving average of $86.44.

Analysts Set New Price Targets

Separately, Morgan Stanley raised Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price objective for the company 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.