As Altria Group (MO) Stock Value Declined, Holder Saratoga Research & Investment Management Cut Position; Banco Macro Sa (BMA) Market Value Declined While Prince Street Capital Management Increased Its Holding

April 24, 2018 - By Adrian Mccoy

Banco Macro S.A. (NYSE:BMA) Logo

Prince Street Capital Management Llc increased its stake in Banco Macro Sa (BMA) by 99.32% based on its latest 2017Q4 regulatory filing with the SEC. Prince Street Capital Management Llc bought 29,100 shares as the company’s stock declined 7.76% with the market. The institutional investor held 58,400 shares of the commercial banks company at the end of 2017Q4, valued at $6.77 million, up from 29,300 at the end of the previous reported quarter. Prince Street Capital Management Llc who had been investing in Banco Macro Sa for a number of months, seems to be bullish on the $7.17 billion market cap company. The stock increased 0.47% or $0.5 during the last trading session, reaching $107.01. About 30,436 shares traded. Banco Macro S.A. (NYSE:BMA) has risen 28.16% since April 24, 2017 and is uptrending. It has outperformed by 16.61% the S&P500.

Saratoga Research & Investment Management decreased its stake in Altria Group (MO) by 98.88% based on its latest 2017Q4 regulatory filing with the SEC. Saratoga Research & Investment Management sold 469,388 shares as the company’s stock declined 15.83% with the market. The institutional investor held 5,300 shares of the farming and seeds and milling company at the end of 2017Q4, valued at $378,000, down from 474,688 at the end of the previous reported quarter. Saratoga Research & Investment Management who had been investing in Altria Group for a number of months, seems to be less bullish one the $104.35 billion market cap company. The stock decreased 2.63% or $1.486 during the last trading session, reaching $55.084. About 10.11 million shares traded or 16.28% up from the average. Altria Group, Inc. (NYSE:MO) has declined 17.05% since April 24, 2017 and is downtrending. It has underperformed by 28.60% the S&P500.

Among 5 analysts covering Banco Macro SA (NYSE:BMA), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Banco Macro SA had 7 analyst reports since February 9, 2016 according to SRatingsIntel. On Monday, May 23 the stock rating was upgraded by Citigroup to “Neutral”. As per Monday, September 11, the company rating was downgraded by Goldman Sachs. As per Tuesday, June 13, the company rating was upgraded by Credit Suisse. The rating was upgraded by Goldman Sachs on Monday, September 26 to “Buy”. The firm has “Neutral” rating given on Tuesday, March 29 by Credit Suisse. UBS initiated Banco Macro S.A. (NYSE:BMA) on Wednesday, June 1 with “Neutral” rating.

Prince Street Capital Management Llc, which manages about $1.36B and $533.38M US Long portfolio, decreased its stake in Copa Holdings Sa (NYSE:CPA) by 23,000 shares to 25,400 shares, valued at $3.41M in 2017Q4, according to the filing. It also reduced its holding in Hutchison China Meditech Ltd by 8,000 shares in the quarter, leaving it with 61,300 shares, and cut its stake in Arcos Dorados Holdings Inc (NYSE:ARCO).

Among 20 analysts covering Altria Group Inc. (NYSE:MO), 15 have Buy rating, 0 Sell and 5 Hold. Therefore 75% are positive. Altria Group Inc. had 62 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was downgraded by Credit Agricole on Thursday, July 30 to “Outperform”. Citigroup downgraded the stock to “Neutral” rating in Wednesday, April 18 report. As per Monday, November 6, the company rating was maintained by RBC Capital Markets. The stock of Altria Group, Inc. (NYSE:MO) has “Neutral” rating given on Thursday, March 24 by Bank of America. The stock of Altria Group, Inc. (NYSE:MO) earned “Equal Weight” rating by Barclays Capital on Thursday, March 30. The stock of Altria Group, Inc. (NYSE:MO) has “Buy” rating given on Thursday, October 26 by Piper Jaffray. RBC Capital Markets maintained Altria Group, Inc. (NYSE:MO) rating on Friday, June 30. RBC Capital Markets has “Sell” rating and $6200 target. The rating was downgraded by RBC Capital Markets to “Underperform” on Thursday, March 23. The rating was maintained by Citigroup with “Buy” on Monday, October 30. The stock of Altria Group, Inc. (NYSE:MO) has “Strong-Buy” rating given on Wednesday, September 2 by Vetr.

Analysts await Altria Group, Inc. (NYSE:MO) to report earnings on April, 26 before the open. They expect $0.94 earnings per share, up 28.77% or $0.21 from last year’s $0.73 per share. MO’s profit will be $1.78B for 14.65 P/E if the $0.94 EPS becomes a reality. After $0.91 actual earnings per share reported by Altria Group, Inc. for the previous quarter, Wall Street now forecasts 3.30% EPS growth.

Investors sentiment increased to 0.93 in Q4 2017. Its up 0.04, from 0.89 in 2017Q3. It is positive, as 63 investors sold MO shares while 521 reduced holdings. 134 funds opened positions while 410 raised stakes. 1.16 billion shares or 1.13% less from 1.17 billion shares in 2017Q3 were reported. 8.59M are owned by London Of Virginia. Fukoku Mutual Life Company owns 204,200 shares. Alphamark Llc holds 0.08% or 2,833 shares in its portfolio. Clear Harbor Asset Limited Liability holds 0.07% or 5,000 shares. Pioneer Tru State Bank N A Or holds 0.3% or 8,464 shares. Bluefin Trading Ltd Llc has invested 0.04% of its portfolio in Altria Group, Inc. (NYSE:MO). Berson Corrado Investment Advisors Limited Liability Company stated it has 4,673 shares or 0.2% of all its holdings. Provise Mngmt Group Incorporated Ltd Company invested 0.04% of its portfolio in Altria Group, Inc. (NYSE:MO). 5,078 were reported by Bar Harbor Trust Service. Fcg Advsr Ltd Liability Corp holds 0.13% of its portfolio in Altria Group, Inc. (NYSE:MO) for 5,302 shares. Cutter And Brokerage Inc holds 4,054 shares or 0.12% of its portfolio. Tarbox Family Office accumulated 6,583 shares. Azimuth Ltd Com invested 0.07% in Altria Group, Inc. (NYSE:MO). Opus Inv Mngmt invested 0.39% in Altria Group, Inc. (NYSE:MO). Artemis Llp invested in 430,413 shares.

Since February 7, 2018, it had 0 insider purchases, and 4 sales for $1.82 million activity. Shares for $216,154 were sold by Quigley Brian W.. On Friday, March 2 SURGNER W HILDEBRANDT JR sold $199,488 worth of Altria Group, Inc. (NYSE:MO) or 3,200 shares. $410,313 worth of Altria Group, Inc. (NYSE:MO) was sold by Dillard James E III.

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