Grupo Supervielle (NYSE:SUPV) Cut to Sell at StockNews.com

StockNews.com downgraded shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a sell rating in a research report sent to investors on Saturday.

A number of other research firms have also recently commented on SUPV. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a research note on Thursday, December 12th. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research report on Monday, December 16th.

Grupo Supervielle Stock Performance

Shares of SUPV stock opened at $13.63 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.21 billion, a PE ratio of 18.93 and a beta of 2.02. Grupo Supervielle has a 12-month low of $5.00 and a 12-month high of $19.75. The business’s fifty day simple moving average is $14.68 and its 200-day simple moving average is $12.50.

Institutional Trading of Grupo Supervielle

Large investors have recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new stake in shares of Grupo Supervielle during the fourth quarter worth about $1,693,000. PointState Capital LP raised its position in Grupo Supervielle by 300.7% during the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company’s stock worth $28,659,000 after buying an additional 1,423,383 shares during the last quarter. Millennium Management LLC lifted its stake in Grupo Supervielle by 65.1% during the 4th quarter. Millennium Management LLC now owns 514,060 shares of the company’s stock valued at $7,767,000 after acquiring an additional 202,633 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in 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 valued at $21,296,000 after acquiring an additional 742,479 shares during the period. Finally, Bosun Asset Management LLC boosted its holdings in shares of Grupo Supervielle by 19.0% in the 4th quarter. Bosun Asset Management LLC now owns 124,226 shares of the company’s stock valued at $1,877,000 after acquiring an additional 19,874 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.