Grupo Supervielle (NYSE:SUPV) Shares Gap Up – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price gapped up before the market opened 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.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of 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. Morgan Stanley upgraded 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. Finally, StockNews.com downgraded shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Saturday.

Grupo Supervielle Stock Performance

The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 18.93 and a beta of 2.02. The firm’s 50-day moving average price is $14.68 and its two-hundred day moving average price is $12.46. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86.

Institutional Trading of Grupo Supervielle

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