Grupo Supervielle (NYSE:SUPV) Shares Up 5.8% – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price traded up 5.8% during mid-day trading on Tuesday . The company traded as high as $18.68 and last traded at $18.66. 1,231,892 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 1,540,462 shares. The stock had previously closed at $17.64.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price for the company in a report on Thursday, December 12th.

Grupo Supervielle Trading Up 1.3 %

The firm’s fifty day moving average is $12.80 and its 200 day moving average is $9.12. The stock has a market cap of $1.69 billion, a P/E ratio of 25.76 and a beta of 1.96.

Hedge Funds Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently bought and sold shares of SUPV. Jane Street Group LLC acquired a new stake in shares of Grupo Supervielle during the 3rd quarter worth approximately $749,000. Dynamic Technology Lab Private Ltd acquired a new stake in Grupo Supervielle during the third quarter worth $145,000. BNP Paribas Financial Markets boosted its stake in Grupo Supervielle by 449.1% during the third quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock worth $436,000 after buying an additional 50,138 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Grupo Supervielle by 563.5% in the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after buying an additional 171,173 shares during the period. Finally, Mak Capital One LLC raised its stake in shares of 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 buying an additional 561,720 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.