Glenorchy Capital Ltd Takes $2.22 Million Position in Banco Macro S.A. (NYSE:BMA)

Glenorchy Capital Ltd acquired a new stake in Banco Macro S.A. (NYSE:BMA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 77,249 shares of the bank’s stock, valued at approximately $2,217,000. Banco Macro comprises about 0.9% of Glenorchy Capital Ltd’s portfolio, making the stock its 16th largest position.

Several other large investors have also made changes to their positions in BMA. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Banco Macro by 54.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 208,944 shares of the bank’s stock valued at $5,997,000 after purchasing an additional 73,524 shares in the last quarter. Sagil Capital LLP increased its stake in shares of Banco Macro by 102.6% in the 3rd quarter. Sagil Capital LLP now owns 135,373 shares of the bank’s stock valued at $2,671,000 after purchasing an additional 68,564 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of Banco Macro by 498.7% in the 3rd quarter. Quadrature Capital Ltd now owns 64,502 shares of the bank’s stock valued at $1,273,000 after purchasing an additional 53,729 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Banco Macro in the 4th quarter valued at about $1,462,000. Finally, LSV Asset Management increased its stake in shares of Banco Macro by 66.7% in the 3rd quarter. LSV Asset Management now owns 57,500 shares of the bank’s stock valued at $1,134,000 after purchasing an additional 23,000 shares in the last quarter.

Banco Macro Price Performance

Shares of Banco Macro stock traded down $1.30 on Tuesday, hitting $51.97. The company’s stock had a trading volume of 408,662 shares, compared to its average volume of 383,694. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.05 and a quick ratio of 0.88. Banco Macro S.A. has a 1 year low of $16.49 and a 1 year high of $55.11. The firm has a fifty day moving average price of $44.02 and a 200-day moving average price of $31.97.

Analyst Upgrades and Downgrades

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

About Banco Macro

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.