Jgp Global Gestao De Recursos Ltda Has Cut Its Position in Bma (BMA) as Share Price Declined

June 19, 2018 - By Kurt Siggers

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 $4.88B 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 $251.37 million US Long portfolio, upped its stake in Spdr S&P 500 Etf Trust (SPY) by 625,000 shares to 700,000 shares, valued at $182.78M in 2018Q1, according to the filing.

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

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: