Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) shares shot up 4.5% on Tuesday . The company traded as high as $11.51 and last traded at $11.03. 1,698,664 shares changed hands during trading, an increase of 37% from the average session volume of 1,236,685 shares. The stock had previously closed at $10.56.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on SUPV. StockNews.com upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Sunday, April 6th. Morgan Stanley raised Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price target on the stock in a research note on Monday, December 16th.
Get Our Latest Stock Report on Grupo Supervielle
Grupo Supervielle Stock Performance
The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 18.14 and a beta of 1.80. The stock's fifty day moving average is $13.55 and its 200-day moving average is $12.79.
Hedge Funds Weigh In On Grupo Supervielle
Several institutional investors and hedge funds have recently made changes to their positions in SUPV. TT International Asset Management LTD lifted its holdings in Grupo Supervielle by 539.9% during the fourth quarter. TT International Asset Management LTD now owns 116,086 shares of the company's stock worth $1,754,000 after acquiring an additional 97,946 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Grupo Supervielle during the third quarter worth about $749,000. Koshinski Asset Management Inc. bought a new position in shares of Grupo Supervielle during the 4th quarter valued at about $289,000. JPMorgan Chase & Co. grew its position in shares of Grupo Supervielle by 129.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company's stock valued at $2,663,000 after purchasing an additional 211,166 shares during the period. Finally, Sparta 24 Ltd. bought a new stake in Grupo Supervielle during the 4th quarter worth approximately $2,192,000.
About Grupo Supervielle
(
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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.
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