RWC Asset Management LLP Purchases New Shares in Grupo Supervielle S.A. (NYSE:SUPV)

RWC Asset Management LLP acquired a new position in shares of Grupo Supervielle S.A. (NYSE:SUPV) in the fourth quarter, Holdings Channel.com reports. The firm acquired 744,609 shares of the company’s stock, valued at approximately $11,251,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SUPV. GAMMA Investing LLC raised its position in shares of Grupo Supervielle by 151.4% during the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after purchasing an additional 4,349 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new stake in Grupo Supervielle during the 4th quarter worth approximately $151,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Grupo Supervielle in the fourth quarter valued at approximately $235,000. Centiva Capital LP purchased a new position in shares of Grupo Supervielle in the third quarter valued at approximately $127,000. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Grupo Supervielle in the fourth quarter worth approximately $289,000.

Grupo Supervielle Stock Performance

NYSE SUPV opened at $13.97 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The stock’s fifty day moving average is $16.15 and its two-hundred day moving average is $11.40. The firm has a market capitalization of $1.24 billion, a P/E ratio of 19.40 and a beta of 1.95. Grupo Supervielle S.A. has a fifty-two week low of $4.07 and a fifty-two week high of $19.75.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Monday, November 25th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Grupo Supervielle had a net margin of 5.80% and a return on equity of 15.92%. On average, research analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on SUPV. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report 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 research note on Monday, December 16th.

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.