Banco Macro S.A. (NYSE:BMA) is on recovery track with 45.97% gain from a 1-year low price of $32. The company lost -7.5% to attain the price of $46.71 on 3/1/2019. Throughout the recent session, the prices were hovering between $46.62 and $51.34. These shares are 15.39% off its target price of $53.9 and the current market capitalization stands at $3.32B. The recent change has given its price a -8.15% deficit over SMA 50 and -58.93% deficit over its 52-week high. The stock witnessed -18.27% declines, 3.8% gains and 9.91% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BMA’s volatility during a week at 6.44% and during a month it has been found around 5.38%.

Banco Macro S.A. (BMA) Top Holders

Institutional investors currently hold around $657 million or 22.8% in BMA stock. Look at its top three institutional owners. Blackrock Inc. owns $88.52 million in Banco Macro S.A., which represents roughly 2.67% of the company’s market cap and approximately 13.47% of the institutional ownership. Similar statistics are true for the second largest owner, Odey Asset Management Group Ltd, which owns 1,879,723 shares of the stock are valued at $87.8 million. The third largest holder is Alliancebernstein L.P., which currently holds $56.06 million worth of this stock and that ownership represents nearly 1.69% of its market capitalization.

Banco Macro S.A. 13F Filings

At the end of December reporting period, 54 institutional holders increased their position in Banco Macro S.A. (NYSE:BMA) by some 2,360,009 shares, 47 decreased positions by 4,358,155 and 24 held positions by 7,338,800. That puts total institutional holdings at 14,056,964 shares, according to SEC filings. The stock grabbed 27 new institutional investments totaling 624,943 shares while 18 institutional investors sold out their entire positions totaling 1,077,798 shares.

Banco Macro S.A. (BMA) Analyst Guide

Several analysts have released their opinion on Banco Macro S.A. (NYSE:BMA), with 1 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 4 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.4 average brokerage recommendation.