Grupo Supervielle (NYSE:SUPV) Sets New 1-Year High – Still a Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $16.50 and last traded at $16.45, with a volume of 756438 shares trading hands. The stock had previously closed at $15.11.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SUPV. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research report 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 target on the stock in a research report on Thursday, December 12th.

Grupo Supervielle Price Performance

The firm’s 50 day moving average price is $12.25 and its two-hundred day moving average price is $8.86. The stock has a market cap of $1.56 billion, a PE ratio of 23.72 and a beta of 1.96.

Institutional Investors Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its stake in Grupo Supervielle by 151.4% in 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 during the last quarter. Centiva Capital LP purchased a new stake in Grupo Supervielle in the third quarter valued at approximately $127,000. Dynamic Technology Lab Private Ltd bought a new stake in Grupo Supervielle during the third quarter valued at approximately $145,000. Quantbot Technologies LP grew its stake in Grupo Supervielle by 212.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after buying an additional 19,602 shares in the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of Grupo Supervielle in the 3rd quarter worth $283,000.

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.