Grupo Supervielle (NYSE:SUPV) Trading Up 6% – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price shot up 6% during mid-day trading on Tuesday . The company traded as high as $19.00 and last traded at $18.87. 207,102 shares were traded during trading, a decline of 88% from the average session volume of 1,683,147 shares. The stock had previously closed at $17.80.

Wall Street Analyst Weigh In

Several research firms have recently commented on SUPV. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded 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 Stock Up 5.3 %

The company has a market capitalization of $1.71 billion, a PE ratio of 26.04 and a beta of 1.96. The stock’s fifty day moving average price is $13.37 and its two-hundred day moving average price is $9.38.

Institutional Trading of Grupo Supervielle

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. TT International Asset Management LTD raised its holdings in Grupo Supervielle by 539.9% in the 4th quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock worth $1,754,000 after purchasing an additional 97,946 shares in the last quarter. GAMMA Investing LLC raised its stake in Grupo Supervielle by 151.4% in the fourth quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after buying an additional 4,349 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Grupo Supervielle by 129.3% in the third quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock worth $2,663,000 after buying an additional 211,166 shares during the period. Virtu Financial LLC bought a new stake in Grupo Supervielle during the 3rd quarter valued at approximately $620,000. Finally, Insigneo Advisory Services LLC boosted its position in Grupo Supervielle by 60.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 47,749 shares of the company’s stock valued at $339,000 after acquiring an additional 18,060 shares in the last quarter.

About Grupo Supervielle

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.