Bienville Capital Management LLC reduced its position in Macro Bank Inc. (NYSE:BMA) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,962 shares of the bank’s stock after selling 14,948 shares during the quarter. Macro Bank makes up approximately 4.1% of Bienville Capital Management LLC’s portfolio, making the stock its 7th biggest position. Bienville Capital Management LLC’s holdings in Macro Bank were worth $14,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd grew its position in Macro Bank by 1.0% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 3,444 shares of the bank’s stock valued at $299,000 after acquiring an additional 33 shares in the last quarter. World Asset Management Inc grew its position in Macro Bank by 2.5% in the 1st quarter. World Asset Management Inc now owns 3,571 shares of the bank’s stock valued at $310,000 after acquiring an additional 86 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Macro Bank by 0.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 37,708 shares of the bank’s stock valued at $3,269,000 after acquiring an additional 266 shares in the last quarter. UBS Group AG grew its position in Macro Bank by 1.5% in the 1st quarter. UBS Group AG now owns 26,021 shares of the bank’s stock valued at $2,256,000 after acquiring an additional 388 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Macro Bank by 12.9% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,500 shares of the bank’s stock valued at $323,000 after acquiring an additional 400 shares in the last quarter. 31.54% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/09/06/bienville-capital-management-llc-has-14-47-million-holdings-in-macro-bank-inc-bma.html.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Macro Bank from a “hold” rating to a “buy” rating and set a $119.00 target price for the company in a research report on Tuesday. ValuEngine raised Macro Bank from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub raised Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, Credit Suisse Group raised Macro Bank from a “neutral” rating to an “outperform” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Macro Bank presently has a consensus rating of “Buy” and an average target price of $102.75.

Shares of Macro Bank Inc. (NYSE BMA) traded down 0.87% during trading on Wednesday, hitting $106.54. The stock had a trading volume of 31,305 shares. The company has a market cap of $7.02 billion, a P/E ratio of 17.13 and a beta of 1.37. The stock’s 50-day moving average price is $93.70 and its 200-day moving average price is $88.50. Macro Bank Inc. has a one year low of $61.12 and a one year high of $108.99.

Macro Bank Company Profile

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

Institutional Ownership by Quarter for Macro Bank (NYSE:BMA)

Receive News & Stock Ratings for Macro Bank Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Macro Bank Inc. and related stocks with our FREE daily email newsletter.