Headlands Technologies LLC Cuts Position in Banco Macro S.A. (NYSE:BMA)

Headlands Technologies LLC lowered its holdings in Banco Macro S.A. (NYSE:BMA) by 26.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,947 shares of the bank’s stock after selling 4,770 shares during the quarter. Headlands Technologies LLC’s holdings in Banco Macro were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the stock. TT International Asset Management LTD raised its stake in Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock valued at $110,411,000 after purchasing an additional 529,610 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Banco Macro in the fourth quarter worth approximately $735,000. Jane Street Group LLC purchased a new position in Banco Macro during the third quarter valued at approximately $421,000. HUB Investment Partners LLC bought a new position in Banco Macro in the fourth quarter worth about $326,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Banco Macro in the 4th quarter worth $284,000.

Banco Macro Stock Performance

BMA opened at $76.60 on Wednesday. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 6.71 and a beta of 1.73. The firm’s fifty day simple moving average is $88.72 and its two-hundred day simple moving average is $86.44. Banco Macro S.A. has a 52-week low of $42.23 and a 52-week high of $118.42. The company has a quick ratio of 0.79, a current ratio of 1.02 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley upgraded Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price objective for the company in a research note on Monday, December 16th.

Banco Macro 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.