Grupo Supervielle (NYSE:SUPV) Upgraded by StockNews.com to Hold Rating

Grupo Supervielle (NYSE:SUPV) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report released on Friday.

Several other equities analysts have also issued reports on the company. Morgan Stanley raised 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. JPMorgan Chase & Co. raised 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.

Grupo Supervielle Trading Up 5.5 %

SUPV traded up $0.74 during trading on Friday, hitting $14.33. The company’s stock had a trading volume of 916,586 shares, compared to its average volume of 1,241,026. Grupo Supervielle has a twelve month low of $5.00 and a twelve month high of $19.75. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average price is $15.06 and its 200-day moving average price is $12.23. The firm has a market capitalization of $1.27 billion, a P/E ratio of 19.90 and a beta of 2.02.

Institutional Investors Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Grupo Supervielle during the fourth quarter valued at approximately $63,000. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 4,349 shares in the last quarter. Centiva Capital LP bought a new stake in shares of Grupo Supervielle during the third quarter valued at approximately $127,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Grupo Supervielle during the third quarter valued at approximately $145,000. Finally, Stratos Wealth Advisors LLC bought a new stake in shares of Grupo Supervielle during the fourth quarter valued at approximately $151,000.

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.