Grupo Supervielle (NYSE:SUPV) Stock Price Up 6% – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price was up 6% during trading on Tuesday . The stock traded as high as $19.00 and last traded at $18.87. Approximately 207,102 shares changed hands during trading, a decline of 88% from the average daily volume of 1,683,147 shares. The stock had previously closed at $17.80.

Analyst Ratings Changes

SUPV has been the subject of several recent research reports. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a research report on Thursday, December 12th. Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a research note on Monday, December 16th.

Grupo Supervielle Price Performance

The business has a fifty day moving average of $13.76 and a two-hundred day moving average of $9.53. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 24.96 and a beta of 1.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86.

Hedge Funds Weigh In On Grupo Supervielle

Several large investors have recently modified their holdings of the stock. Mak Capital One LLC boosted its stake in Grupo Supervielle by 37.6% in the 2nd quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after purchasing an additional 561,720 shares during the period. JPMorgan Chase & Co. increased its holdings in Grupo Supervielle by 129.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock valued at $2,663,000 after buying an additional 211,166 shares during the period. Sparta 24 Ltd. bought a new position in Grupo Supervielle in the fourth quarter valued at approximately $2,192,000. Point72 Asset Management L.P. acquired a new position in shares of Grupo Supervielle during the 3rd quarter worth $995,000. Finally, TT International Asset Management LTD raised its stake in Grupo Supervielle by 539.9% during the fourth quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock worth $1,754,000 after acquiring an additional 97,946 shares in the last quarter.

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.