Opera Trading Capital lowered its position in shares of Macro Bank Inc. (NYSE:BMA) by 58.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,382 shares of the bank’s stock after selling 40,618 shares during the period. Opera Trading Capital’s holdings in Macro Bank were worth $3,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in BMA. Carmignac Gestion increased its holdings in Macro Bank by 540.5% in the 2nd quarter. Carmignac Gestion now owns 1,746,620 shares of the bank’s stock valued at $161,021,000 after purchasing an additional 1,473,904 shares during the last quarter. PointState Capital LP increased its holdings in Macro Bank by 179.4% in the 2nd quarter. PointState Capital LP now owns 1,717,800 shares of the bank’s stock valued at $158,364,000 after purchasing an additional 1,102,900 shares during the last quarter. Third Point LLC acquired a new stake in Macro Bank in the 2nd quarter valued at approximately $82,971,000. Bamco Inc. NY acquired a new stake in Macro Bank in the 2nd quarter valued at approximately $35,538,000. Finally, Alliancebernstein L.P. increased its holdings in Macro Bank by 127.0% in the 2nd quarter. Alliancebernstein L.P. now owns 522,292 shares of the bank’s stock valued at $48,150,000 after purchasing an additional 292,249 shares during the last quarter. Institutional investors and hedge funds own 28.11% of the company’s stock.

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Shares of Macro Bank Inc. (NYSE:BMA) traded down $3.85 during mid-day trading on Monday, reaching $117.18. 201,300 shares of the company’s stock traded hands, compared to its average volume of 182,970. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.24 and a quick ratio of 1.24. Macro Bank Inc. has a 52 week low of $61.12 and a 52 week high of $136.10. The stock has a market cap of $7,717.01, a PE ratio of 14.98, a PEG ratio of 2.86 and a beta of 1.33.

Several equities analysts have commented on BMA shares. Zacks Investment Research raised shares of Macro Bank from a “hold” rating to a “buy” rating and set a $119.00 price target for the company in a research report on Tuesday, September 5th. ValuEngine cut shares of Macro Bank from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub raised shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Goldman Sachs Group, Inc. (The) cut shares of Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 price target for the company. in a research report on Monday, September 11th. Finally, Santander cut shares of Macro Bank from a “hold” rating to an “underperform” rating in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $116.35.

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.

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

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