Banco Macro S.A. (NYSE:BMA) Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC increased its stake in Banco Macro S.A. (NYSE:BMA) by 136.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 570,374 shares of the bank’s stock after acquiring an additional 328,800 shares during the quarter. William Blair Investment Management LLC owned approximately 0.89% of Banco Macro worth $55,188,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Banco Macro in the 4th quarter worth $63,000. GAMMA Investing LLC grew its holdings in shares of Banco Macro by 136.1% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the bank’s stock worth $76,000 after acquiring an additional 452 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Banco Macro by 171.6% in the 4th quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock worth $188,000 after acquiring an additional 1,225 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in shares of Banco Macro in the 4th quarter worth $199,000. Finally, Alliance Wealth Advisors LLC UT acquired a new position in shares of Banco Macro in the 4th quarter worth $207,000.

Banco Macro Trading Down 2.7 %

NYSE:BMA opened at $82.94 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. Banco Macro S.A. has a fifty-two week low of $42.23 and a fifty-two week high of $118.42. The stock’s 50-day moving average is $95.51 and its two-hundred day moving average is $85.08. The stock has a market cap of $5.30 billion, a PE ratio of 7.27 and a beta of 1.73.

Wall Street Analyst Weigh In

Separately, Morgan Stanley raised 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.