Freedom Investment Management Inc. Invests $519,000 in Grupo Supervielle S.A. (NYSE:SUPV)

Freedom Investment Management Inc. bought a new stake in Grupo Supervielle S.A. (NYSE:SUPV) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 72,993 shares of the company’s stock, valued at approximately $519,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mak Capital One LLC grew its stake in shares of Grupo Supervielle by 37.6% in the 2nd quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after purchasing an additional 561,720 shares during the period. Ping Capital Management Inc. bought a new stake in Grupo Supervielle in the second quarter valued at $2,178,000. Acadian Asset Management LLC raised its stake in Grupo Supervielle by 563.5% during the second quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock worth $1,366,000 after acquiring an additional 171,173 shares in the last quarter. Caxton Associates LP lifted its holdings in shares of Grupo Supervielle by 114.2% during the second quarter. Caxton Associates LP now owns 102,518 shares of the company’s stock valued at $695,000 after acquiring an additional 54,651 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Grupo Supervielle by 449.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock valued at $436,000 after purchasing an additional 50,138 shares in the last quarter.

Grupo Supervielle Stock Performance

Shares of SUPV stock opened at $11.93 on Friday. Grupo Supervielle S.A. has a 52 week low of $3.22 and a 52 week high of $11.99. The stock’s fifty day moving average is $8.94 and its 200-day moving average is $7.58.

Wall Street Analyst Weigh In

Separately, Bank of America raised shares of Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 price target for the company in a report on Thursday, August 8th.

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.