As Banco Macro Sa (BMA) Valuation Rose, Pointstate Capital LP Upped Holding by $16.30 Million

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 1.86M shares of the commercial banks company at the end of 2017Q3, valued at $217.93M, 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 $7.32 billion 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 $10.76B and $11.77 billion US Long portfolio, decreased its stake in Autodesk Inc (NASDAQ:ADSK) by 1.27 million shares to 2.23 million shares, valued at $249.95 million in 2017Q3, according to the filing. It also reduced its holding in Microsoft Corp (Call) (NASDAQ:MSFT) by 2.90M shares in the quarter, leaving it with 53,500 shares, and cut its stake in Rockwell Collins Inc (NYSE:COL).

More recent Banco Macro S.A. (NYSE:BMA) news were published by: which released: “Validea Martin Zweig Strategy Daily Upgrade Report – 2/22/2018” on November 10, 2017. Also published the news titled: “Banco Macro SA ADR BMA (US: NYSE)” on February 12, 2011.‘s news article titled: “Banco Macro SA Sponsored ADR Class B to Host Earnings Call” with publication date: February 21, 2018 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 firm earned “Neutral” rating on Wednesday, June 1 by UBS. Goldman Sachs downgraded the stock to “Hold” rating in Monday, September 11 report. The stock has “Buy” rating by Credit Suisse on Tuesday, June 13. The stock of Banco Macro S.A. (NYSE:BMA) has “Neutral” rating given on Monday, May 23 by Citigroup. Goldman Sachs upgraded the stock to “Buy” rating in Monday, September 26 report. Credit Suisse initiated Banco Macro S.A. (NYSE:BMA) rating on Tuesday, March 29. Credit Suisse has “Neutral” rating and $71 target.

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