Crocodile Capital Partners GmbH Acquires New Holdings in Banco Macro S.A. (NYSE:BMA)

Crocodile Capital Partners GmbH acquired a new stake in shares of Banco Macro S.A. (NYSE:BMA) during the fourth quarter, HoldingsChannel reports. The fund acquired 7,500 shares of the bank’s stock, valued at approximately $726,000. Banco Macro accounts for 2.0% of Crocodile Capital Partners GmbH’s investment portfolio, making the stock its 7th biggest holding.

Several other institutional investors have also added to or reduced their stakes in BMA. Marshall Wace LLP raised its position in Banco Macro by 72.3% in the second quarter. Marshall Wace LLP now owns 165,558 shares of the bank’s stock worth $9,491,000 after acquiring an additional 69,494 shares during the period. Mackenzie Financial Corp raised its position in Banco Macro by 32.9% in the second quarter. Mackenzie Financial Corp now owns 10,988 shares of the bank’s stock worth $630,000 after acquiring an additional 2,718 shares during the period. Claro Advisors LLC raised its position in Banco Macro by 87.0% in the third quarter. Claro Advisors LLC now owns 10,200 shares of the bank’s stock worth $648,000 after acquiring an additional 4,744 shares during the period. Blue Trust Inc. raised its position in Banco Macro by 118.3% in the third quarter. Blue Trust Inc. now owns 714 shares of the bank’s stock worth $45,000 after acquiring an additional 387 shares during the period. Finally, X Square Capital LLC bought a new position in Banco Macro in the third quarter worth approximately $445,000.

Analyst Upgrades and Downgrades

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

Banco Macro Stock Down 1.1 %

Shares of BMA stock opened at $104.20 on Friday. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 9.13 and a beta of 1.68. Banco Macro S.A. has a one year low of $28.68 and a one year high of $118.42. The company’s fifty day moving average price is $97.21 and its 200-day moving average price is $75.51. 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 (NYSE:BMA) last announced its quarterly earnings data on Wednesday, November 27th. The bank reported $1.51 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.70). Banco Macro had a net margin of 15.12% and a return on equity of 26.55%. Sell-side analysts expect that Banco Macro S.A. will post 7.87 EPS for the current fiscal year.

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.