Grupo Supervielle (NYSE:SUPV) Rating Lowered to Sell at StockNews.com

Grupo Supervielle (NYSE:SUPV) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities analysts also recently commented on SUPV. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research note on Thursday, December 12th. 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 report on Monday, December 16th.

Grupo Supervielle Trading Down 3.2 %

SUPV opened at $13.63 on Friday. Grupo Supervielle has a 52 week low of $5.00 and a 52 week high of $19.75. The company has a market capitalization of $1.21 billion, a P/E ratio of 18.93 and a beta of 2.02. The stock’s fifty day moving average is $14.68 and its two-hundred day moving average is $12.53. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Voloridge Investment Management LLC acquired a new position in Grupo Supervielle during the 4th quarter valued at approximately $1,693,000. PointState Capital LP increased its position 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 acquiring an additional 1,423,383 shares during the period. Millennium Management LLC increased its position in shares of Grupo Supervielle by 65.1% in the 4th quarter. Millennium Management LLC now owns 514,060 shares of the company’s stock valued at $7,767,000 after acquiring an additional 202,633 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Grupo Supervielle by 111.3% in 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 acquiring an additional 742,479 shares during the last quarter. Finally, Bosun Asset Management LLC lifted its position in Grupo Supervielle by 19.0% during the 4th quarter. Bosun Asset Management LLC now owns 124,226 shares of the company’s stock worth $1,877,000 after acquiring 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.