Grupo Supervielle (NYSE:SUPV) Shares Gap Up – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV) gapped up prior to trading on Thursday . The stock had previously closed at $14.58, but opened at $15.02. Grupo Supervielle shares last traded at $15.01, with a volume of 174,369 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SUPV shares. StockNews.com raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Friday, March 21st. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research note on Monday, December 16th. Finally, JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research report on Thursday, December 12th.

Grupo Supervielle Trading Down 2.0 %

The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 19.96 and a beta of 2.02. The business’s 50 day moving average is $14.82 and its 200 day moving average is $12.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. PointState Capital LP lifted its stake in Grupo Supervielle by 300.7% during the fourth quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock worth $28,659,000 after purchasing an additional 1,423,383 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Grupo Supervielle by 5.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company’s stock worth $22,193,000 after purchasing an additional 75,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Grupo Supervielle by 111.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company’s stock worth $21,296,000 after buying an additional 742,479 shares during the last quarter. Brevan Howard Capital Management LP boosted its holdings in shares of Grupo Supervielle by 585.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock valued at $19,724,000 after buying an additional 1,106,497 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of Grupo Supervielle by 6.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,227,122 shares of the company’s stock valued at $18,542,000 after buying an additional 69,197 shares during the last quarter.

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.