Grupo Supervielle (NYSE:SUPV) Shares Gap Down – Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV) shares 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 traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SUPV shares. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research note on Thursday, December 12th. Morgan Stanley upgraded shares of 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. Finally, StockNews.com lowered shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Saturday.

Grupo Supervielle Stock Performance

The stock has a market capitalization of $1.21 billion, a PE ratio of 18.93 and a beta of 2.02. 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 has a fifty day moving average of $14.68 and a 200-day moving average of $12.50.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently made changes to their positions in SUPV. PointState Capital LP raised its holdings in Grupo Supervielle by 300.7% in the fourth quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock valued at $28,659,000 after acquiring an additional 1,423,383 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Grupo Supervielle by 5.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company’s stock valued at $22,193,000 after purchasing an additional 75,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of 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 worth $21,296,000 after purchasing an additional 742,479 shares during the last quarter. Brevan Howard Capital Management LP grew its stake 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 in the last quarter. Finally, Pictet Asset Management Holding SA increased its holdings in Grupo Supervielle by 6.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,227,122 shares of the company’s stock valued at $18,542,000 after buying an additional 69,197 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.