Grupo Supervielle (NYSE:SUPV) Trading Up 4.4% – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price was up 4.4% on Tuesday . The company traded as high as $16.27 and last traded at $16.08. Approximately 461,936 shares changed hands during trading, a decline of 63% from the average daily volume of 1,240,552 shares. The stock had previously closed at $15.40.

Analyst Upgrades and Downgrades

SUPV has been the subject of several research reports. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a research note on Thursday, December 12th. 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 report on Monday.

Grupo Supervielle Trading Down 6.9 %

The company has a market cap of $1.32 billion, a P/E ratio of 20.10 and a beta of 2.06. The business has a 50 day moving average price of $10.42 and a 200-day moving average price of $8.12.

Institutional Trading of Grupo Supervielle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mak Capital One LLC increased its position in Grupo Supervielle by 37.6% during the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock worth $13,930,000 after buying an additional 561,720 shares during the last quarter. Ping Capital Management Inc. bought a new stake in Grupo Supervielle in the 2nd quarter valued at $2,178,000. Acadian Asset Management LLC raised its stake in Grupo Supervielle by 563.5% in the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after acquiring an additional 171,173 shares during the period. Point72 Asset Management L.P. acquired a new stake in Grupo Supervielle during the 3rd quarter valued at $995,000. Finally, Jane Street Group LLC acquired a new position in shares of Grupo Supervielle in the third quarter valued at $749,000.

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.