Pointstate Capital LP Lifted Position in Banco Macro Sa (BMA) by $16.30 Million

March 14, 2018 - By Henry Gaston

Pointstate Capital Lp increased its stake in Banco Macro Sa (BMA) by 8.11% based on its latest 2017Q3 regulatory filing with the SEC. Pointstate Capital Lp bought 139,293 shares as the company’s stock rose 7.03% with the market. The hedge fund held 1.86M shares of the commercial banks company at the end of 2017Q3, valued at $217.93 million, up from 1.72 million at the end of the previous reported quarter. Pointstate Capital Lp who had been investing in Banco Macro Sa for a number of months, seems to be bullish on the $7.32B market cap company. The stock decreased 0.46% or $0.51 during the last trading session, reaching $109.46. About 187,938 shares traded. Banco Macro S.A. (NYSE:BMA) has risen 43.80% since March 14, 2017 and is uptrending. It has outperformed by 27.10% the S&P500.

Pointstate Capital Lp, which manages about $10.76 billion and $11.77 billion US Long portfolio, decreased its stake in Sba Communications Corp New by 728,031 shares to 377,169 shares, valued at $54.33M in 2017Q3, according to the filing. It also reduced its holding in Aclaris Therapeutics Inc by 152,100 shares in the quarter, leaving it with 686,700 shares, and cut its stake in Grupo Financiero Galicia S A (NASDAQ:GGAL).

More recent Banco Macro S.A. (NYSE:BMA) news were published by: Nasdaq.com which released: “Validea Martin Zweig Strategy Daily Upgrade Report – 2/22/2018” on November 10, 2017. Also Digitaljournal.com published the news titled: “Banco Macro SA Sponsored ADR Class B to Host Earnings Call” on February 21, 2018. Quotes.Wsj.com‘s news article titled: “Banco Macro SA ADR BMA (US: NYSE)” with publication date: February 12, 2011 was also an interesting one.

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

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 Tuesday, June 13 the stock rating was upgraded by Credit Suisse to “Buy”. The company was downgraded on Monday, September 11 by Goldman Sachs. The rating was initiated by UBS with “Neutral” on Wednesday, June 1. The firm has “Neutral” rating by Citigroup given on Monday, May 23. Credit Suisse initiated Banco Macro S.A. (NYSE:BMA) on Tuesday, March 29 with “Neutral” rating. The stock of Banco Macro S.A. (NYSE:BMA) earned “Buy” rating by Goldman Sachs on Monday, September 26.

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