As Banco Macro Sa (BMA) Shares Declined, Tt International Has Boosted Its Position by $6.31 Million

October 13, 2018 - By whatsonthorold

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 $42.42 million, 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 $2.60B 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 $8.38 billion and $617.30 million US Long portfolio, decreased its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 661,751 shares to 55,143 shares, valued at $6.85 million in 2018Q2, according to the filing. It also reduced its holding in Alphabet Inc by 195,114 shares in the quarter, leaving it with 9,886 shares, and cut its stake in Johnson And Johnson (NYSE:JNJ).

Another recent and important Banco Macro S.A. (NYSE:BMA) news was published by Fool.com 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. The rating was upgraded by Santander to “Buy” on Friday, May 11. The company was upgraded on Wednesday, May 9 by J.P. Morgan. The stock of Banco Macro S.A. (NYSE:BMA) earned “Overweight” rating by JP Morgan on Wednesday, May 9.

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

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