Banco Macro S.A. (NYSE:BMA) Shares Sold by Oaktree Capital Management LP

Oaktree Capital Management LP lessened its position in Banco Macro S.A. (NYSE:BMA) by 18.5% in the 4th quarter, Holdings Channel reports. The fund owned 378,625 shares of the bank’s stock after selling 85,675 shares during the period. Oaktree Capital Management LP’s holdings in Banco Macro were worth $36,636,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets raised its holdings in Banco Macro by 351.0% during the third quarter. BNP Paribas Financial Markets now owns 51,327 shares of the bank’s stock worth $3,259,000 after purchasing an additional 39,947 shares in the last quarter. Freedom Investment Management Inc. purchased a new position in shares of Banco Macro during the 3rd quarter worth approximately $573,000. Verition Fund Management LLC acquired a new stake in shares of Banco Macro in the 3rd quarter valued at approximately $800,000. Point72 Asset Management L.P. purchased a new stake in shares of Banco Macro in the third quarter valued at approximately $826,000. Finally, Quadrature Capital Ltd acquired a new position in Banco Macro during the third quarter worth $971,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley upgraded 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.

Banco Macro Stock Performance

NYSE BMA opened at $78.50 on Friday. The business has a 50 day moving average price of $89.96 and a 200 day moving average price of $86.15. The company has a market capitalization of $5.02 billion, a P/E ratio of 6.88 and a beta of 1.73. Banco Macro S.A. has a 1-year low of $42.23 and a 1-year high of $118.42. 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 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.