Grupo Supervielle (NYSE:SUPV) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a sell rating in a research note published on Thursday morning.

A number of other analysts also recently issued reports on SUPV. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective on the stock 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 objective on the stock in a research note on Thursday, December 12th.

Grupo Supervielle Stock Performance

NYSE:SUPV opened at $14.18 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. Grupo Supervielle has a 1 year low of $5.00 and a 1 year high of $19.75. The stock’s 50 day simple moving average is $15.53 and its two-hundred day simple moving average is $12.04. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 19.69 and a beta of 2.02.

Hedge Funds Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PointState Capital LP boosted its holdings 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 worth $28,659,000 after purchasing an additional 1,423,383 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Grupo Supervielle by 5.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company’s stock worth $22,193,000 after purchasing an additional 75,129 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $21,296,000 after acquiring an additional 742,479 shares during the period. Brevan Howard Capital Management LP boosted its holdings in 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 valued at $19,724,000 after acquiring an additional 1,106,497 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in Grupo Supervielle by 6.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,227,122 shares of the company’s stock valued at $18,542,000 after acquiring an additional 69,197 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.