Grupo Supervielle (NYSE:SUPV) Stock Rating Upgraded by StockNews.com

Grupo Supervielle (NYSE:SUPV) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other research firms also recently issued reports on SUPV. Morgan Stanley upgraded shares of 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 target on the stock in a report on Thursday, December 12th.

Grupo Supervielle Trading Up 5.5 %

SUPV opened at $14.33 on Friday. Grupo Supervielle has a one year low of $5.00 and a one year high of $19.75. The business’s 50 day moving average price is $15.06 and its 200 day moving average price is $12.26. The stock has a market capitalization of $1.27 billion, a PE ratio of 19.90 and a beta of 2.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds have recently added to or reduced their stakes in the stock. PointState Capital LP boosted its position in shares of Grupo Supervielle by 300.7% in the 4th 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. Brevan Howard Capital Management LP grew its stake in shares of Grupo Supervielle by 585.4% during the 4th 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 during the period. RWC Asset Management LLP purchased a new stake in Grupo Supervielle during the fourth quarter worth $11,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Grupo Supervielle by 111.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company’s stock valued at $21,296,000 after purchasing an additional 742,479 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Grupo Supervielle by 129.3% during the third quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock valued at $2,663,000 after acquiring an additional 211,166 shares during 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.