Grupo Supervielle (NYSE:SUPV) Trading 5.3% Higher – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV) shares traded up 5.3% during mid-day trading on Friday . The company traded as high as $14.22 and last traded at $14.31. 625,579 shares were traded during mid-day trading, a decline of 50% from the average session volume of 1,241,573 shares. The stock had previously closed at $13.59.

Analyst Ratings Changes

Several brokerages have recently weighed in on SUPV. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective on the stock in a report on Thursday, December 12th. StockNews.com lowered Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Thursday, March 13th. Finally, Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a report on Monday, December 16th.

Grupo Supervielle Trading Up 5.7 %

The company has a 50 day moving average of $15.15 and a 200 day moving average of $12.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 19.90 and a beta of 2.02.

Institutional Trading of Grupo Supervielle

Several institutional investors have recently bought and sold shares of the stock. Voloridge Investment Management LLC acquired a new stake in Grupo Supervielle in the 4th quarter valued at $1,693,000. PointState Capital LP boosted its stake in Grupo Supervielle by 300.7% in the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock valued at $28,659,000 after buying an additional 1,423,383 shares in the last quarter. Millennium Management LLC boosted its stake in Grupo Supervielle by 65.1% in the fourth quarter. Millennium Management LLC now owns 514,060 shares of the company’s stock worth $7,767,000 after purchasing an additional 202,633 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Grupo Supervielle by 111.3% in the fourth 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 in the last quarter. Finally, Bosun Asset Management LLC boosted its stake in Grupo Supervielle by 19.0% in the fourth quarter. Bosun Asset Management LLC now owns 124,226 shares of the company’s stock worth $1,877,000 after purchasing an additional 19,874 shares in 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.