Grupo Supervielle (NYSE:SUPV) Hits New 12-Month High – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) hit a new 52-week high on Tuesday . The company traded as high as $11.70 and last traded at $11.42, with a volume of 2097229 shares trading hands. The stock had previously closed at $10.89.

Analyst Ratings Changes

Separately, Bank of America upgraded Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 target price for the company in a research note on Thursday, August 8th.

Grupo Supervielle Price Performance

The stock’s 50-day moving average price is $8.81 and its 200-day moving average price is $7.52.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Mak Capital One LLC boosted its holdings in shares of Grupo Supervielle by 37.6% during the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after acquiring an additional 561,720 shares during the period. Ping Capital Management Inc. acquired a new position in Grupo Supervielle during the 2nd quarter valued at about $2,178,000. Acadian Asset Management LLC grew its position in Grupo Supervielle by 563.5% in the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock worth $1,366,000 after purchasing an additional 171,173 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Grupo Supervielle in the third quarter valued at approximately $995,000. Finally, Jane Street Group LLC bought a new stake in shares of Grupo Supervielle during the third quarter valued at approximately $749,000.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.