Y Intercept Hong Kong Ltd Sells 13,086 Shares of Banco Macro S.A. (NYSE:BMA)

Y Intercept Hong Kong Ltd decreased its holdings in shares of Banco Macro S.A. (NYSE:BMA) by 85.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,247 shares of the bank’s stock after selling 13,086 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Banco Macro were worth $217,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in shares of Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after buying an additional 452 shares in the last quarter. Blue Trust Inc. boosted its stake in Banco Macro by 171.6% during the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock worth $188,000 after acquiring an additional 1,225 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in Banco Macro in the fourth quarter worth $199,000. Alliance Wealth Advisors LLC UT acquired a new stake in Banco Macro in the fourth quarter worth $207,000. Finally, Truist Financial Corp acquired a new position in shares of Banco Macro during the fourth quarter valued at about $252,000.

Banco Macro Stock Performance

Shares of BMA stock opened at $81.95 on Wednesday. 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 firm has a fifty day simple moving average of $99.04 and a two-hundred day simple moving average of $83.26. Banco Macro S.A. has a 12 month low of $38.12 and a 12 month high of $118.42. The firm has a market capitalization of $5.24 billion, a PE ratio of 7.18 and a beta of 1.67.

Wall Street Analysts Forecast Growth

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