Grupo Supervielle (NYSE:SUPV) Reaches New 1-Year High – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV) hit a new 52-week high on Wednesday . The company traded as high as $10.05 and last traded at $9.98, with a volume of 58574 shares changing hands. The stock had previously closed at $9.90.

Wall Street Analysts Forecast Growth

Separately, Bank of America raised Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 target price for the company in a research report on Thursday, August 8th.

Grupo Supervielle Price Performance

The company has a 50-day moving average price of $8.20 and a 200 day moving average price of $7.23.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Wednesday, August 14th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. Grupo Supervielle had a return on equity of 19.09% and a net margin of 5.56%. The firm had revenue of $276.87 million for the quarter. On average, research analysts anticipate that Grupo Supervielle S.A. will post 1.22 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Grupo Supervielle by 1,262.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,735 shares of the company’s stock valued at $101,000 after buying an additional 16,433 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Grupo Supervielle in the 3rd quarter worth about $145,000. Acadian Asset Management LLC acquired a new position in Grupo Supervielle in the 1st quarter worth about $173,000. Quantbot Technologies LP raised its holdings in Grupo Supervielle by 212.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after purchasing an additional 19,602 shares during the period. Finally, Caxton Associates LP acquired a new position in Grupo Supervielle in the 1st quarter worth about $273,000.

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.