Tt International Has Boosted Its Banco Macro Sa (BMA) Holding by $6.31 Million; Share Value Declined

October 13, 2018 - By Marguerite Chambers

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

Tt International increased its stake in Banco Macro Sa (BMA) by 17.77% based on its latest 2018Q2 regulatory filing with the SEC. Tt International bought 108,854 shares as the company’s stock declined 47.30% while stock markets rallied. The institutional investor held 721,567 shares of the commercial banks company at the end of 2018Q2, valued at $42.42M, up from 612,713 at the end of the previous reported quarter. Tt International who had been investing in Banco Macro Sa for a number of months, seems to be bullish on the $2.60 billion market cap company. The stock increased 10.07% or $3.64 during the last trading session, reaching $39.78. About 390,516 shares traded. Banco Macro S.A. (NYSE:BMA) has declined 60.19% since October 13, 2017 and is downtrending. It has underperformed by 75.81% the S&P500.

Tt International, which manages about $8.38B and $617.30 million US Long portfolio, decreased its stake in Monster Beverage Corp New by 927,587 shares to 77,235 shares, valued at $4.43M in 2018Q2, according to the filing. It also reduced its holding in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 661,751 shares in the quarter, leaving it with 55,143 shares, and cut its stake in Raytheon Co (NYSE:RTN).

Another recent and important Banco Macro S.A. (NYSE:BMA) news was published by which published an article titled: “Why Grupo Financiero Galicia, Loma Negra Compania Industrial, and Banco Macro SA Went Off to the Races on …” on September 20, 2018.

Banco Macro S.A. (NYSE:BMA) Ratings Coverage

Among 3 analysts covering Banco Macro SA (NYSE:BMA), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Banco Macro SA had 3 analyst reports since May 9, 2018 according to SRatingsIntel. Santander upgraded the stock to “Buy” rating in Friday, May 11 report. JP Morgan upgraded the shares of BMA in report on Wednesday, May 9 to “Overweight” rating. The firm has “Buy” rating given on Wednesday, May 9 by J.P. Morgan.

Banco Macro S.A. (NYSE:BMA) Ratings Chart

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