Grupo Supervielle (NYSE:SUPV) Trading 5.3% Higher – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV)’s share price traded up 5.3% during mid-day trading on Friday . The stock traded as high as $14.22 and last traded at $14.31. 625,579 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 1,241,573 shares. The stock had previously closed at $13.59.

Analysts Set New Price Targets

SUPV has been the subject of a number of recent research reports. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target for the company in a research note on Monday, December 16th. 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 note on Thursday, December 12th. Finally, StockNews.com downgraded Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Thursday, March 13th.

Grupo Supervielle Stock Performance

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 19.90 and a beta of 2.02. The stock has a fifty day moving average price of $15.15 and a 200 day moving average price of $12.18.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SUPV. PointState Capital LP increased its holdings in shares of Grupo Supervielle by 300.7% during 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 last quarter. Brevan Howard Capital Management LP grew its holdings in Grupo Supervielle by 585.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock valued at $19,724,000 after buying an additional 1,106,497 shares during the last quarter. RWC Asset Management LLP acquired a new stake in Grupo Supervielle in the 4th quarter valued at approximately $11,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 valued at $21,296,000 after buying an additional 742,479 shares during the last quarter. Finally, JPMorgan Chase & Co. grew 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 last quarter.

Grupo Supervielle Company Profile

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.