Grupo Supervielle (NYSE:SUPV) Stock Price Up 7.3% – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV) shares were up 7.3% during mid-day trading on Wednesday . The company traded as high as $13.14 and last traded at $13.52. Approximately 573,879 shares traded hands during trading, a decline of 55% from the average daily volume of 1,275,260 shares. The stock had previously closed at $12.60.

Analysts Set New Price Targets

Several analysts have recently issued reports on SUPV shares. Morgan Stanley upgraded 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. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a research note on Thursday, December 12th.

Grupo Supervielle Trading Up 8.6 %

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 firm has a market cap of $1.21 billion, a P/E ratio of 19.02 and a beta of 2.02. The firm’s 50-day simple moving average is $15.69 and its 200 day simple moving average is $11.93.

Institutional Trading of Grupo Supervielle

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Grupo Supervielle in the third quarter worth $145,000. Quantbot Technologies LP raised its holdings in shares of Grupo Supervielle by 212.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after acquiring an additional 19,602 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Grupo Supervielle by 449.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock valued at $436,000 after acquiring an additional 50,138 shares during the last quarter. Freedom Investment Management Inc. purchased a new position in shares of Grupo Supervielle during the third quarter worth about $519,000. Finally, Verition Fund Management LLC bought a new position in shares of Grupo Supervielle in the third quarter worth approximately $324,000.

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.