Systrade AG Makes New $968,000 Investment in Banco Macro S.A. (NYSE:BMA)

Systrade AG acquired a new position in Banco Macro S.A. (NYSE:BMA) during the 4th quarter, HoldingsChannel reports. The fund acquired 10,000 shares of the bank’s stock, valued at approximately $968,000. Banco Macro accounts for approximately 1.6% of Systrade AG’s holdings, making the stock its 10th biggest position.

Other hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Banco Macro by 118.3% during the 3rd quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock valued at $45,000 after buying an additional 387 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Banco Macro by 136.1% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock valued at $76,000 after buying an additional 452 shares in the last quarter. NorthRock Partners LLC purchased a new position in shares of Banco Macro during the 3rd quarter valued at approximately $381,000. Sigma Planning Corp lifted its position in shares of Banco Macro by 6.7% during the 3rd quarter. Sigma Planning Corp now owns 6,275 shares of the bank’s stock valued at $398,000 after buying an additional 395 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Banco Macro during the 3rd quarter valued at approximately $421,000.

Analyst Upgrades and Downgrades

BMA has been the topic of a number of recent analyst reports. StockNews.com lowered Banco Macro from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Morgan Stanley upgraded Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 target price on the stock in a research report on Monday, December 16th.

Banco Macro Stock Down 6.3 %

NYSE BMA opened at $104.62 on Monday. The business has a fifty day moving average price of $94.52 and a 200 day moving average price of $73.98. Banco Macro S.A. has a one year low of $26.74 and a one year high of $118.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 1.02. The company has a market cap of $6.69 billion, a P/E ratio of 9.17 and a beta of 1.68.

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.