Quantbot Technologies LP Grows Stock Holdings in Banco Macro S.A. (NYSE:BMA)

Quantbot Technologies LP lifted its holdings in shares of Banco Macro S.A. (NYSE:BMA) by 2,299.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,878 shares of the bank’s stock after acquiring an additional 5,633 shares during the quarter. Quantbot Technologies LP’s holdings in Banco Macro were worth $569,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BMA. Legal Advantage Investments Inc. raised its holdings in Banco Macro by 4.0% in the fourth quarter. Legal Advantage Investments Inc. now owns 7,800 shares of the bank’s stock worth $755,000 after purchasing an additional 300 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Banco Macro by 136.1% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after purchasing an additional 452 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Banco Macro in the fourth quarter worth $63,000. Blue Trust Inc. grew its stake in shares of Banco Macro by 171.6% during the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock valued at $188,000 after purchasing an additional 1,225 shares during the period. Finally, Burns Matteson Capital Management LLC purchased a new stake in Banco Macro during the fourth quarter valued at approximately $199,000.

Wall Street Analysts Forecast Growth

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

Banco Macro Trading Down 3.1 %

BMA stock opened at $80.29 on Friday. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 7.04 and a beta of 1.73. The business has a 50 day simple moving average of $90.48 and a two-hundred day simple moving average of $85.88. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79.

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.