StockNews.com Upgrades Grupo Supervielle (NYSE:SUPV) to Hold

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

Several other research firms have also recently weighed in on SUPV. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research report on Thursday, December 12th.

Grupo Supervielle Stock Performance

Shares of NYSE SUPV opened at $10.53 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average price of $14.10 and a 200 day moving average price of $12.70. The stock has a market capitalization of $931.91 million, a PE ratio of 14.62 and a beta of 1.80. Grupo Supervielle has a 52 week low of $5.00 and a 52 week high of $19.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SUPV. GAMMA Investing LLC lifted its holdings in Grupo Supervielle by 1,339.3% during the 1st quarter. GAMMA Investing LLC now owns 103,931 shares of the company’s stock valued at $13,570,000 after purchasing an additional 96,710 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Grupo Supervielle during the 4th quarter worth about $1,693,000. PointState Capital LP lifted its stake in shares of Grupo Supervielle by 300.7% during the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock worth $28,659,000 after buying an additional 1,423,383 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Grupo Supervielle by 65.1% during the 4th quarter. Millennium Management LLC now owns 514,060 shares of the company’s stock worth $7,767,000 after buying an additional 202,633 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Grupo Supervielle by 111.3% in 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 buying an additional 742,479 shares during the last quarter.

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.