StockNews.com Upgrades Grupo Supervielle (NYSE:SUPV) to “Hold”

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

A number of other research firms have also recently issued reports on SUPV. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price for the company in a research note on Thursday, December 12th. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research report on Monday, December 16th.

Grupo Supervielle Trading Down 4.0 %

Shares of NYSE SUPV opened at $10.53 on Friday. Grupo Supervielle has a twelve month low of $5.00 and a twelve month high of $19.75. The stock has a market cap of $931.91 million, a price-to-earnings ratio of 14.62 and a beta of 1.80. 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 fifty day moving average is $14.10 and its 200-day moving average is $12.70.

Institutional Trading of Grupo Supervielle

Hedge funds and other institutional investors have recently modified their holdings of the company. PointState Capital LP boosted its position in shares of Grupo Supervielle by 300.7% during the fourth quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock worth $28,659,000 after buying an additional 1,423,383 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Grupo Supervielle by 5.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company’s stock valued at $22,193,000 after acquiring an additional 75,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 acquiring an additional 742,479 shares during the last quarter. Brevan Howard Capital Management LP grew its stake in shares of Grupo Supervielle by 585.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock worth $19,724,000 after acquiring an additional 1,106,497 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Grupo Supervielle by 6.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,227,122 shares of the company’s stock valued at $18,542,000 after purchasing an additional 69,197 shares during 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.