Banco Macro S.A. ADR (represen (BMA) Hits a 52-Week High

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The company is up by 8.37% percent from yesterday’s close. Shares last traded at $135.46 quite a bit higher than $115.10, the 50 day moving average and which is significantly above the 200 day moving average of $96.38. The 50 day moving average was up $20.36 or +17.69% and the 200 day average went up $39.08 or +40.54%.

Investors are more bullish of late if you put credence in the change in short interest. The company experienced a fall in short interest from September 15, 2017 to September 29, 2017 of -4.19%. Short interest decreased 25,491 over that timeframe. Days to cover decreased from 4.0 to 3.0 and the short interest percentage is 0.01% as of September 29.

Banco Macro S.A., launched on October 8, 1996, offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman, Macro Bank Limited, Macro Securities S.A., Macro Fiducia S.A. and Macro Fondos S.G.F.C.I. S.A. It has approximately two categories of customers, such as retail customers, including individuals and entrepreneurs and corporate customers, which include small, medium and large companies and major corporations. In addition, it provides services to over four provincial governments..

The following firms have recently changed their position in BMA. William Blair Investment Management, LLC augmented its holdings by buying 41,239 shares an increase of 10.1% as of 06/30/2017. William Blair Investment Management, LLC currently owns 447,759 shares valued at $41,279,000. The value of the position overall is up by 17.1%. Genesis Asset Managers, LLP downsized its position by selling 3,827 shares a decrease of 0.3%. Genesis Asset Managers, LLP claims 1,151,664 shares worth $135,148,000. The total value of its holdings increased 26.9%.

Cutler Group LP cut its investment by shedding 1,800 shares a decrease of 90.0% in the quarter. Cutler Group LP owns 200 shares with a value of $23,000. The value of the position overall is down by 87.5%. Fisher Asset Management, LLC added to its stake by buying 1,137 shares an increase of 13.3% from 06/30/2017 to 09/30/2017. Fisher Asset Management, LLC controls 9,679 shares with a value of $1,136,000. The total value of its holdings increased 44.3%.

The most current P/E ratio is 21.67 and the market value is 8.92B. In the last earnings report the EPS was $6.25 and is expected to be $8.12 for the current year with 65,856,000 shares now outstanding. Next quarter’s EPS is forecasted to be $2.23 with next year’s EPS projected to be $9.48.

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