Redhawk Wealth Advisors Inc. Acquires Shares of 7,596 Banco Macro S.A. (NYSE:BMA)

Redhawk Wealth Advisors Inc. bought a new position in Banco Macro S.A. (NYSE:BMA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,596 shares of the bank’s stock, valued at approximately $735,000.

A number of other large investors have also recently made changes to their positions in BMA. TT International Asset Management LTD boosted its holdings in Banco Macro by 86.6% during the 4th quarter. TT International Asset Management LTD now owns 1,141,086 shares of the bank’s stock valued at $110,411,000 after acquiring an additional 529,610 shares during the period. Duquesne Family Office LLC lifted its position in shares of Banco Macro by 30.9% during the second quarter. Duquesne Family Office LLC now owns 273,130 shares of the bank’s stock worth $15,659,000 after purchasing an additional 64,400 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Banco Macro by 72.3% during the second quarter. Marshall Wace LLP now owns 165,558 shares of the bank’s stock valued at $9,491,000 after purchasing an additional 69,494 shares during the period. Dorsey Wright & Associates grew its holdings in shares of Banco Macro by 13.1% in the third quarter. Dorsey Wright & Associates now owns 75,100 shares of the bank’s stock worth $4,769,000 after purchasing an additional 8,679 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Banco Macro by 351.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank’s stock worth $3,259,000 after buying an additional 39,947 shares during the period.

Banco Macro Stock Down 3.1 %

NYSE:BMA opened at $111.51 on Friday. 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 1-year low of $25.14 and a 1-year high of $118.42. The company has a 50-day moving average of $94.01 and a 200 day moving average of $73.36. The firm has a market cap of $7.13 billion, a PE ratio of 9.77 and a beta of 1.68.

Analyst Ratings Changes

BMA has been the subject of several research reports. Morgan Stanley raised shares of Banco Macro from an “underweight” rating to an “overweight” rating and set a $12.50 price objective for the company in a research report on Monday, December 16th. StockNews.com lowered Banco Macro from a “buy” rating to a “hold” rating in a report on Thursday, September 26th.

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.