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

Grupo Supervielle (NYSE:SUPV) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also recently commented on the stock. Morgan Stanley upgraded shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. raised 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 note on Thursday, December 12th.

Grupo Supervielle Stock Performance

Shares of SUPV stock opened at $13.63 on Friday. Grupo Supervielle has a 1-year low of $5.00 and a 1-year high of $19.75. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 18.93 and a beta of 2.02. 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 stock’s fifty day simple moving average is $14.68 and its 200-day simple moving average is $12.46.

Institutional Trading of Grupo Supervielle

Large investors have recently modified their holdings of the company. Voloridge Investment Management LLC bought a new position in Grupo Supervielle in the 4th quarter worth approximately $1,693,000. PointState Capital LP raised its stake 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 buying an additional 1,423,383 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Grupo Supervielle by 65.1% during the 4th quarter. Millennium Management LLC now owns 514,060 shares of the company’s stock worth $7,767,000 after acquiring an additional 202,633 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 valued at $21,296,000 after purchasing an additional 742,479 shares in the last quarter. Finally, Bosun Asset Management LLC grew its position in Grupo Supervielle by 19.0% in the fourth 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 period.

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.