Caxton Associates LP Purchases 17,196 Shares of Macro Bank Inc. (NYSE:BMA)

Caxton Associates LP raised its position in Macro Bank Inc. (NYSE:BMA) by 60.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,431 shares of the bank’s stock after purchasing an additional 17,196 shares during the period. Caxton Associates LP owned 0.08% of Macro Bank worth $4,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of BMA. Bank of New York Mellon Corp bought a new stake in shares of Macro Bank during the 1st quarter worth $269,000. Sei Investments Co. raised its position in Macro Bank by 36.5% in the 1st quarter. Sei Investments Co. now owns 4,095 shares of the bank’s stock worth $355,000 after purchasing an additional 1,095 shares during the period. Parametric Portfolio Associates LLC raised its position in Macro Bank by 0.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 37,708 shares of the bank’s stock worth $3,269,000 after purchasing an additional 266 shares during the period. Victory Capital Management Inc. purchased a new position in Macro Bank in the 1st quarter worth $3,508,000. Finally, Dynamic Technology Lab Private Ltd raised its position in Macro Bank by 1.0% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 3,444 shares of the bank’s stock worth $299,000 after purchasing an additional 33 shares during the period. 28.00% of the stock is owned by institutional investors.

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Shares of Macro Bank Inc. (NYSE:BMA) traded down 0.79% during mid-day trading on Tuesday, reaching $126.09. 44,937 shares of the company’s stock were exchanged. Macro Bank Inc. has a one year low of $61.12 and a one year high of $127.45. The company’s 50-day moving average price is $111.60 and its 200-day moving average price is $94.63. The company has a market capitalization of $8.30 billion, a PE ratio of 20.17 and a beta of 1.36.

A number of equities analysts have issued reports on the stock. ValuEngine cut shares of Macro Bank from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Goldman Sachs Group, Inc. (The) cut shares of Macro Bank from a “buy” rating to a “neutral” rating and set a $113.70 price target on the stock. in a research report on Monday, September 11th. Santander lowered shares of Macro Bank from a “hold” rating to an “underperform” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded shares of Macro Bank from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a research report on Tuesday, September 5th. Finally, BidaskClub upgraded shares of Macro Bank from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $116.35.

Macro Bank Company Profile

Banco Macro SA is an Argnetina-based financial institution (the Bank) that offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Ltd, Macro Securities SA, Macro Fiducia SA and Macro Fondos SGFCI SA.

Institutional Ownership by Quarter for Macro Bank (NYSE:BMA)

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