6,294 Shares in Macro Bank Inc. (BMA) Acquired by Columbus Hill Capital Management L.P.
Columbus Hill Capital Management L.P. bought a new stake in Macro Bank Inc. (NYSE:BMA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,294 shares of the bank’s stock, valued at approximately $580,000.
Other large investors have also bought and sold shares of the company. Rational Advisors LLC increased its holdings in Macro Bank by 64.3% in the second quarter. Rational Advisors LLC now owns 2,300 shares of the bank’s stock valued at $212,000 after buying an additional 900 shares during the last quarter. Advisor Group Inc. increased its holdings in Macro Bank by 3,796.7% in the second quarter. Advisor Group Inc. now owns 2,377 shares of the bank’s stock valued at $219,000 after buying an additional 2,316 shares during the last quarter. Bailard Inc. purchased a new position in Macro Bank in the first quarter valued at $220,000. Citigroup Inc. increased its holdings in Macro Bank by 30.8% in the second quarter. Citigroup Inc. now owns 3,091 shares of the bank’s stock valued at $285,000 after buying an additional 727 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Macro Bank in the first quarter valued at $269,000. 31.55% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts recently commented on the company. Goldman Sachs Group, Inc. (The) lowered Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 target price on the stock. in a report on Monday, September 11th. Santander lowered Macro Bank from a “hold” rating to an “underperform” rating in a report on Friday, September 8th. Zacks Investment Research raised Macro Bank from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Tuesday, September 5th. ValuEngine raised Macro Bank from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised Macro Bank from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $116.35.
Shares of Macro Bank Inc. (NYSE:BMA) traded up 5.52% during trading on Friday, hitting $113.96. The company’s stock had a trading volume of 353,991 shares. The firm’s 50 day moving average price is $98.40 and its 200-day moving average price is $90.15. Macro Bank Inc. has a 52 week low of $61.12 and a 52 week high of $114.33. The company has a market cap of $7.50 billion, a PE ratio of 18.23 and a beta of 1.37.
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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