Grupo Supervielle (NYSE:SUPV) Trading 4.5% Higher – Time to Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) shot up 4.5% during mid-day trading on Tuesday . The company traded as high as $11.51 and last traded at $11.03. 1,698,664 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 1,236,685 shares. The stock had previously closed at $10.56.

Wall Street Analyst Weigh In

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

Grupo Supervielle Price Performance

The stock has a market capitalization of $956.52 million, a PE ratio of 15.01 and a beta of 1.80. The business’s 50-day moving average price is $14.10 and its 200 day moving average price is $12.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86.

Hedge Funds Weigh In On Grupo Supervielle

A number of large investors have recently modified their holdings of SUPV. SBI Securities Co. Ltd. purchased a new stake in shares of Grupo Supervielle in the 4th quarter valued at $63,000. GAMMA Investing LLC boosted its position in Grupo Supervielle by 151.4% during the fourth 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 during the period. Centiva Capital LP bought a new position in shares of Grupo Supervielle during the third quarter valued at about $127,000. Stratos Wealth Advisors LLC bought a new position in shares of Grupo Supervielle during the fourth quarter valued at about $151,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Grupo Supervielle in the fourth quarter worth about $235,000.

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.