Rational Advisors LLC boosted its position in Macro Bank Inc. (NYSE:BMA) by 64.3% during the second quarter, Holdings Channel reports. The firm owned 2,300 shares of the bank’s stock after buying an additional 900 shares during the period. Rational Advisors LLC’s holdings in Macro Bank were worth $212,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Genesis Asset Managers LLP raised its stake in shares of Macro Bank by 13.4% in the second quarter. Genesis Asset Managers LLP now owns 1,155,491 shares of the bank’s stock worth $106,525,000 after buying an additional 136,358 shares during the period. Wellington Management Group LLP bought a new position in shares of Macro Bank during the first quarter worth $10,619,000. Comgest Global Investors S.A.S. raised its position in shares of Macro Bank by 861.3% in the first quarter. Comgest Global Investors S.A.S. now owns 114,400 shares of the bank’s stock worth $9,918,000 after buying an additional 102,500 shares during the period. William Blair Investment Management LLC raised its position in shares of Macro Bank by 31.3% in the first quarter. William Blair Investment Management LLC now owns 406,520 shares of the bank’s stock worth $35,245,000 after buying an additional 96,884 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Macro Bank by 32.7% in the first quarter. Goldman Sachs Group Inc. now owns 290,159 shares of the bank’s stock worth $25,157,000 after buying an additional 71,558 shares during the period. Hedge funds and other institutional investors own 24.18% of the company’s stock.
Macro Bank Inc. (NYSE BMA) opened at 96.61 on Tuesday. Macro Bank Inc. has a 52 week low of $61.12 and a 52 week high of $97.86. The stock has a market cap of $5.65 billion, a P/E ratio of 14.40 and a beta of 1.39. The stock has a 50 day moving average of $88.74 and a 200-day moving average of $86.03.
A number of equities analysts have weighed in on BMA shares. Zacks Investment Research upgraded shares of Macro Bank from a “hold” rating to a “strong-buy” rating and set a $101.00 price target on the stock in a report on Thursday, May 11th. Credit Suisse Group upgraded shares of Macro Bank from a “neutral” rating to an “outperform” rating in a report on Tuesday, June 13th. Finally, ValuEngine upgraded shares of Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Macro Bank currently has an average rating of “Buy” and a consensus target price of $92.75.
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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