Pointstate Capital LP Has Boosted Its Holding in Banco Macro Sa (BMA) by $16.30 Million as Stock Price Rose

March 14, 2018 - By Louis Casey

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 1.86 million shares of the commercial banks company at the end of 2017Q3, valued at $217.93M, up from 1.72M 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 Cabot Oil & Gas Corp (NYSE:COG) by 4.15M shares to 13.86M shares, valued at $370.71M in 2017Q3, according to the filing. It also reduced its holding in Nektar Therapeutics (NASDAQ:NKTR) by 150,700 shares in the quarter, leaving it with 1.58M shares, and cut its stake in Bwx Technologies Inc.

More recent Banco Macro S.A. (NYSE:BMA) news were published by: Digitaljournal.com which released: “Banco Macro SA Sponsored ADR Class B to Host Earnings Call” on February 21, 2018. Also Quotes.Wsj.com published the news titled: “Banco Macro SA ADR BMA (US: NYSE)” on February 12, 2011. Nasdaq.com‘s news article titled: “Validea Martin Zweig Strategy Daily Upgrade Report – 2/22/2018” with publication date: November 10, 2017 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. The rating was initiated by Credit Suisse on Tuesday, March 29 with “Neutral”. The stock of Banco Macro S.A. (NYSE:BMA) has “Buy” rating given on Monday, September 26 by Goldman Sachs. UBS initiated the shares of BMA in report on Wednesday, June 1 with “Neutral” rating. The rating was upgraded by Citigroup to “Neutral” on Monday, May 23. The firm earned “Buy” rating on Tuesday, June 13 by Credit Suisse. The stock of Banco Macro S.A. (NYSE:BMA) has “Hold” rating given on Monday, September 11 by Goldman Sachs.

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