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

Shares of Grupo Supervielle S.A. (NYSE:SUPV) gapped up before the market opened on Thursday . The stock had previously closed at $14.58, but opened at $15.02. Grupo Supervielle shares last traded at $15.01, with a volume of 174,369 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com downgraded Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Saturday. 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 research note on Thursday, December 12th. Finally, Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target for the company in a research note on Monday, December 16th.

Grupo Supervielle Stock Performance

The company has a market capitalization of $1.21 billion, a PE ratio of 18.93 and a beta of 2.02. The stock has a 50-day simple moving average of $14.68 and a 200 day simple moving average of $12.46. 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 Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. TT International Asset Management LTD grew its holdings in Grupo Supervielle by 539.9% during the 4th quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock valued at $1,754,000 after buying an additional 97,946 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Grupo Supervielle during the 3rd quarter valued at $749,000. Koshinski Asset Management Inc. acquired a new stake in shares of Grupo Supervielle during the 4th quarter worth $289,000. Sparta 24 Ltd. purchased a new position in shares of Grupo Supervielle in the 4th quarter worth $2,192,000. Finally, JPMorgan Chase & Co. boosted its holdings in Grupo Supervielle by 129.3% in 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 during the last quarter.

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.