Grupo Supervielle (NYSE:SUPV) Trading Up 5.8% – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV) shares rose 5.8% on Tuesday . The stock traded as high as $18.68 and last traded at $18.66. Approximately 1,231,892 shares changed hands during trading, a decline of 20% from the average daily volume of 1,540,462 shares. The stock had previously closed at $17.64.

Analyst Ratings Changes

SUPV has been the topic of several analyst reports. 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 research report on Monday, December 16th. JPMorgan Chase & Co. upgraded shares of 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 2.2 %

The stock has a market cap of $1.65 billion, a P/E ratio of 25.04 and a beta of 1.96. The company’s 50 day moving average price is $12.42 and its two-hundred day moving average price is $8.97.

Institutional Trading of Grupo Supervielle

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in shares of Grupo Supervielle by 151.4% during the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock valued at $109,000 after purchasing an additional 4,349 shares during the period. Centiva Capital LP purchased a new stake in shares of Grupo Supervielle during the third quarter worth about $127,000. Dynamic Technology Lab Private Ltd bought a new stake in Grupo Supervielle during the 3rd quarter valued at approximately $145,000. Quantbot Technologies LP lifted its holdings 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 purchasing an additional 19,602 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new stake in Grupo Supervielle during the 3rd quarter valued at approximately $283,000.

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.