Legal Advantage Investments Inc. Grows Stock Holdings in Banco Macro S.A. (NYSE:BMA)

Legal Advantage Investments Inc. grew its holdings in Banco Macro S.A. (NYSE:BMA) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,800 shares of the bank’s stock after purchasing an additional 300 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Banco Macro were worth $755,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. TT International Asset Management LTD raised its position in shares of 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 buying an additional 529,610 shares during the period. Redhawk Wealth Advisors Inc. purchased a new stake in Banco Macro in the fourth quarter valued at approximately $735,000. Duquesne Family Office LLC raised its position in Banco Macro by 30.9% in the second quarter. Duquesne Family Office LLC now owns 273,130 shares of the bank’s stock valued at $15,659,000 after purchasing an additional 64,400 shares during the period. Jane Street Group LLC purchased a new stake in Banco Macro in the third quarter valued at approximately $421,000. Finally, Point72 Asset Management L.P. purchased a new stake in Banco Macro in the third quarter valued at approximately $826,000.

Banco Macro Price Performance

Shares of BMA opened at $104.62 on Tuesday. Banco Macro S.A. has a 1-year low of $26.74 and a 1-year high of $118.42. The stock has a market cap of $6.69 billion, a PE ratio of 9.17 and a beta of 1.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.02 and a quick ratio of 0.79. The firm has a fifty day moving average price of $95.03 and a 200 day moving average price of $74.33.

Wall Street Analyst Weigh In

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

Banco Macro Company 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.