Crocodile Capital Partners GmbH Purchases New Position in Banco Macro S.A. (NYSE:BMA)

Crocodile Capital Partners GmbH purchased a new stake in shares of Banco Macro S.A. (NYSE:BMAFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,500 shares of the bank’s stock, valued at approximately $726,000. Banco Macro accounts for approximately 2.0% of Crocodile Capital Partners GmbH’s holdings, making the stock its 7th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of BMA. Marshall Wace LLP increased its position in shares of Banco Macro by 72.3% during the second quarter. Marshall Wace LLP now owns 165,558 shares of the bank’s stock valued at $9,491,000 after buying an additional 69,494 shares during the period. Mackenzie Financial Corp grew its holdings in Banco Macro by 32.9% in the second quarter. Mackenzie Financial Corp now owns 10,988 shares of the bank’s stock worth $630,000 after purchasing an additional 2,718 shares during the period. Claro Advisors LLC grew its holdings in Banco Macro by 87.0% in the third quarter. Claro Advisors LLC now owns 10,200 shares of the bank’s stock worth $648,000 after purchasing an additional 4,744 shares during the period. Blue Trust Inc. grew its holdings in Banco Macro by 118.3% in the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after purchasing an additional 387 shares during the period. Finally, X Square Capital LLC purchased a new stake in Banco Macro in the third quarter worth about $445,000.

Banco Macro Price Performance

Shares of BMA opened at $104.20 on Friday. The stock has a market cap of $6.66 billion, a PE ratio of 9.13 and a beta of 1.68. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. Banco Macro S.A. has a fifty-two week low of $28.68 and a fifty-two week high of $118.42. The firm’s 50-day simple moving average is $97.21 and its two-hundred day simple moving average is $75.51.

Banco Macro (NYSE:BMAGet Free Report) last posted its quarterly earnings results on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. Analysts anticipate that Banco Macro S.A. will post 7.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

View Our Latest Research Report on Banco Macro

Banco Macro Company Profile

(Free Report)

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.

Further Reading

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

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