Grupo Supervielle (NYSE:SUPV) Shares Gap Down – Should You Sell?

Grupo Supervielle S.A. (NYSE:SUPV)’s share price gapped down before the market opened on Friday . The stock had previously closed at $14.08, but opened at $13.73. Grupo Supervielle shares last traded at $13.65, with a volume of 109,808 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research note on Monday, December 16th. StockNews.com cut Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Saturday. Finally, 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 report on Thursday, December 12th.

Grupo Supervielle Trading Down 3.2 %

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average is $14.68 and its 200-day moving average is $12.50. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 18.93 and a beta of 2.02.

Institutional Trading of Grupo Supervielle

A number of hedge funds and other institutional investors have recently made changes to their positions in SUPV. Voloridge Investment Management LLC purchased a new position in Grupo Supervielle in the fourth quarter worth approximately $1,693,000. PointState Capital LP lifted its stake in shares of Grupo Supervielle by 300.7% in the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock valued at $28,659,000 after purchasing an additional 1,423,383 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Grupo Supervielle by 65.1% during the 4th quarter. Millennium Management LLC now owns 514,060 shares of the company’s stock worth $7,767,000 after purchasing an additional 202,633 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Grupo Supervielle by 111.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company’s stock worth $21,296,000 after purchasing an additional 742,479 shares during the last quarter. Finally, Bosun Asset Management LLC raised its holdings in Grupo Supervielle by 19.0% in the 4th quarter. Bosun Asset Management LLC now owns 124,226 shares of the company’s stock valued at $1,877,000 after buying an additional 19,874 shares during the period.

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.