Dorsey Wright & Associates Sells 16,642 Shares of Banco Macro S.A. (NYSE:BMA)

Dorsey Wright & Associates lessened its holdings in Banco Macro S.A. (NYSE:BMA) by 22.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,458 shares of the bank’s stock after selling 16,642 shares during the quarter. Banco Macro accounts for approximately 1.3% of Dorsey Wright & Associates’ investment portfolio, making the stock its 19th biggest holding. Dorsey Wright & Associates owned 0.09% of Banco Macro worth $5,656,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in BMA. SBI Securities Co. Ltd. bought a new position in Banco Macro in the fourth quarter valued at approximately $63,000. GAMMA Investing LLC boosted 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 valued at $76,000 after buying an additional 452 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Banco Macro by 171.6% in the fourth quarter. Blue Trust Inc. now owns 1,939 shares of the bank’s stock valued at $188,000 after buying an additional 1,225 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new position in Banco Macro during the fourth quarter worth $199,000. Finally, Alliance Wealth Advisors LLC UT bought a new stake in Banco Macro during the fourth quarter worth $207,000.

Banco Macro Stock Down 2.1 %

BMA opened at $78.50 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’s fifty day simple moving average is $89.96 and its 200 day simple moving average is $86.15. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. The stock has a market cap of $5.02 billion, a PE ratio of 6.88 and a beta of 1.73.

Wall Street Analysts Forecast Growth

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

About Banco Macro

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.