Grupo Supervielle (NYSE:SUPV) Upgraded at StockNews.com

StockNews.com upgraded shares of Grupo Supervielle (NYSE:SUPV) from a sell rating to a hold rating in a report released on Sunday.

Other equities analysts have also issued reports about the company. 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 research 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 Price Performance

SUPV stock opened at $10.80 on Friday. The firm has a 50 day simple moving average of $13.88 and a two-hundred day simple moving average of $12.70. The stock has a market cap of $956.52 million, a PE ratio of 15.01 and a beta of 1.80. Grupo Supervielle has a one year low of $5.00 and a one year high of $19.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86.

Institutional Investors Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PointState Capital LP increased its position in shares of Grupo Supervielle by 300.7% in the fourth 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 period. Brevan Howard Capital Management LP raised its position 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 purchasing an additional 1,106,497 shares during the last quarter. RWC Asset Management LLP purchased a new stake in Grupo Supervielle in the 4th quarter worth approximately $11,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Grupo Supervielle by 111.3% during the fourth 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 period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Grupo Supervielle by 129.3% during the third quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock valued at $2,663,000 after acquiring an additional 211,166 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.