77,249 Shares in Banco Macro S.A. (NYSE:BMA) Purchased by Glenorchy Capital Ltd

Glenorchy Capital Ltd acquired a new position in shares of Banco Macro S.A. (NYSE:BMA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 77,249 shares of the bank’s stock, valued at approximately $2,217,000. Banco Macro makes up about 0.9% of Glenorchy Capital Ltd’s portfolio, making the stock its 16th largest position. Glenorchy Capital Ltd owned approximately 0.12% of Banco Macro at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco Macro by 54.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 208,944 shares of the bank’s stock worth $5,997,000 after acquiring an additional 73,524 shares in the last quarter. Sagil Capital LLP lifted its stake in shares of Banco Macro by 102.6% in the third quarter. Sagil Capital LLP now owns 135,373 shares of the bank’s stock worth $2,671,000 after buying an additional 68,564 shares in the last quarter. Quadrature Capital Ltd lifted its stake in shares of Banco Macro by 498.7% in the third quarter. Quadrature Capital Ltd now owns 64,502 shares of the bank’s stock worth $1,273,000 after buying an additional 53,729 shares in the last quarter. LSV Asset Management lifted its stake in shares of Banco Macro by 66.7% in the third quarter. LSV Asset Management now owns 57,500 shares of the bank’s stock worth $1,134,000 after buying an additional 23,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Banco Macro in the fourth quarter worth approximately $1,462,000.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Banco Macro from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 30th.

Banco Macro Stock Performance

Shares of NYSE BMA traded down $1.30 during midday trading on Tuesday, hitting $51.97. The stock had a trading volume of 408,662 shares, compared to its average volume of 383,694. The business’s 50 day moving average is $44.02 and its 200-day moving average is $31.97. Banco Macro S.A. has a 52 week low of $16.49 and a 52 week high of $55.11. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.20.

Banco Macro 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 (ATMs), and money transfers.