Grupo Supervielle (NYSE:SUPV) Shares Gap Down – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV)’s share price gapped down before the market opened on Friday . The stock had previously closed at $14.08, but opened at $13.73. Grupo Supervielle shares last traded at $13.65, with a volume of 109,808 shares.

Wall Street Analyst Weigh In

SUPV has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a report on Thursday, December 12th. StockNews.com raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Finally, Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research report on Monday, December 16th.

Grupo Supervielle Price Performance

The firm has a fifty day moving average of $14.74 and a two-hundred day moving average of $12.42. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.19 billion, a PE ratio of 18.69 and a beta of 2.02.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SUPV. PointState Capital LP boosted its position in Grupo Supervielle by 300.7% during the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock valued at $28,659,000 after buying an additional 1,423,383 shares during the period. Brevan Howard Capital Management LP boosted its holdings in shares of Grupo Supervielle by 585.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock worth $19,724,000 after purchasing an additional 1,106,497 shares during the period. RWC Asset Management LLP bought a new stake in shares of Grupo Supervielle in the fourth quarter worth about $11,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 purchasing an additional 742,479 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Grupo Supervielle by 129.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock worth $2,663,000 after buying an additional 211,166 shares during the period.

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.