Grupo Supervielle (NYSE:SUPV) Hits New 1-Year High – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.20 and last traded at $18.33, with a volume of 2476928 shares changing hands. The stock had previously closed at $17.64.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a report on Thursday, December 12th.

Grupo Supervielle Price Performance

The stock has a 50 day moving average price of $12.99 and a two-hundred day moving average price of $9.18. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 25.76 and a beta of 1.96.

Institutional Investors Weigh In On Grupo Supervielle

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Grupo Supervielle by 151.4% during the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after acquiring an additional 4,349 shares in the last quarter. Centiva Capital LP acquired a new position in Grupo Supervielle in the third quarter valued at approximately $127,000. Dynamic Technology Lab Private Ltd purchased a new position in Grupo Supervielle in the third quarter valued at approximately $145,000. Quantbot Technologies LP raised its holdings in Grupo Supervielle by 212.9% during the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after purchasing an additional 19,602 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in Grupo Supervielle during the third quarter worth approximately $283,000.

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.