Grupo Supervielle (NYSE:SUPV) Shares Up 5.3% – Here’s What Happened

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

Analysts Set New Price Targets

Several research analysts recently commented on SUPV shares. Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research note on Monday, December 16th. StockNews.com raised Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a report on Thursday, December 12th.

Grupo Supervielle Price Performance

The firm has a 50-day simple moving average of $15.06 and a two-hundred day simple moving average of $12.26. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 19.90 and a beta of 2.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

Institutional Trading of Grupo Supervielle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in Grupo Supervielle during the fourth quarter worth approximately $63,000. GAMMA Investing LLC grew its holdings in Grupo Supervielle by 151.4% in the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock valued at $109,000 after buying an additional 4,349 shares in the last quarter. Centiva Capital LP purchased a new position in shares of Grupo Supervielle during the 3rd quarter worth $127,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Grupo Supervielle during the 3rd quarter valued at about $145,000. Finally, Stratos Wealth Advisors LLC purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $151,000.

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.