Bma (BMA) Share Value Declined While Jgp Global Gestao De Recursos Ltda Cut Its Position by $7.61 Million

June 19, 2018 - By Peter Erickson

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

Jgp Global Gestao De Recursos Ltda decreased its stake in Bma (BMA) by 26.96% based on its latest 2018Q1 regulatory filing with the SEC. Jgp Global Gestao De Recursos Ltda sold 71,145 shares as the company’s stock declined 28.88% with the market. The institutional investor held 192,736 shares of the commercial banks company at the end of 2018Q1, valued at $20.81 million, down from 263,881 at the end of the previous reported quarter. Jgp Global Gestao De Recursos Ltda who had been investing in Bma for a number of months, seems to be less bullish one the $4.88 billion market cap company. The stock increased 6.30% or $3.78 during the last trading session, reaching $63.76. About 563,426 shares traded or 65.54% up from the average. Banco Macro S.A. (NYSE:BMA) has declined 8.05% since June 19, 2017 and is downtrending. It has underperformed by 20.62% the S&P500.

Jgp Global Gestao De Recursos Ltda, which manages about $251.37M US Long portfolio, upped its stake in Spdr S&P 500 Etf Trust (SPY) by 625,000 shares to 700,000 shares, valued at $182.78 million in 2018Q1, according to the filing.

More notable recent Banco Macro S.A. (NYSE:BMA) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Banco Macro SA (BMA)” on June 12, 2018, also Seekingalpha.com with their article: “The Scandal That Might End Banco Macro’s Growth Story” published on June 11, 2018, Globenewswire.com published: “EQUITY ALERT: Rosen Law Firm Continues to Investigate Securities Claims Against Banco Macro SA – BMA” on June 13, 2018. More interesting news about Banco Macro S.A. (NYSE:BMA) were released by: Businesswire.com and their article: “EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Banco Macro SA – BMA” published on June 12, 2018 as well as Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for Helen of Troy, Macro Bank, American Software, Shire plc, KB Financial Group …” with publication date: June 05, 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. J.P. Morgan upgraded Banco Macro S.A. (NYSE:BMA) on Wednesday, May 9 to “Buy” rating. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, May 9 report.

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

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