Atlas Capital Advisors Inc. Sells 1,821 Shares of Banco Macro S.A. (NYSE:BMA)

Atlas Capital Advisors Inc. lowered its stake in Banco Macro S.A. (NYSE:BMA) by 27.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,806 shares of the bank’s stock after selling 1,821 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Banco Macro were worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. TT International Asset Management LTD increased its stake in Banco Macro by 86.6% in the fourth 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 in the last quarter. William Blair Investment Management LLC increased its position in Banco Macro by 136.1% in the 4th quarter. William Blair Investment Management LLC now owns 570,374 shares of the bank’s stock valued at $55,188,000 after buying an additional 328,800 shares in the last quarter. Axiom Investors LLC DE raised its stake in Banco Macro by 72.8% during the 4th quarter. Axiom Investors LLC DE now owns 302,983 shares of the bank’s stock worth $29,317,000 after buying an additional 127,678 shares during the period. Cape Ann Asset Management Ltd bought a new position in Banco Macro in the fourth quarter worth approximately $20,203,000. Finally, Sagil Capital LLP acquired a new stake in Banco Macro in the fourth quarter valued at approximately $7,337,000.

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 target for the company in a report on Monday, December 16th.

Banco Macro Price Performance

Shares of NYSE BMA opened at $67.42 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.79 and a debt-to-equity ratio of 0.13. The stock has a fifty day simple moving average of $86.73 and a two-hundred day simple moving average of $86.29. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 5.91 and a beta of 1.73.

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.