Mak Capital One LLC Raises Holdings in Grupo Supervielle S.A. (NYSE:SUPV)

Mak Capital One LLC boosted its position in Grupo Supervielle S.A. (NYSE:SUPV) by 37.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,054,581 shares of the company’s stock after purchasing an additional 561,720 shares during the period. Grupo Supervielle comprises 3.3% of Mak Capital One LLC’s holdings, making the stock its 6th largest position. Mak Capital One LLC’s holdings in Grupo Supervielle were worth $13,930,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd grew its position in shares of Grupo Supervielle by 162.4% during the 4th quarter. Quadrature Capital Ltd now owns 41,080 shares of the company’s stock worth $168,000 after purchasing an additional 25,425 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Grupo Supervielle by 1,262.1% in the first quarter. BNP Paribas Financial Markets now owns 17,735 shares of the company’s stock valued at $101,000 after buying an additional 16,433 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Grupo Supervielle in the first quarter valued at approximately $173,000. Caxton Associates LP acquired a new stake in Grupo Supervielle during the first quarter worth approximately $273,000. Finally, Ping Capital Management Inc. bought a new position in Grupo Supervielle during the 2nd quarter worth $2,178,000.

Wall Street Analyst Weigh In

Separately, Bank of America upgraded Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 target price for the company in a research report on Thursday, August 8th.

Grupo Supervielle Stock Performance

Shares of Grupo Supervielle stock opened at $7.43 on Friday. The company’s 50 day moving average price is $7.08 and its two-hundred day moving average price is $6.58. Grupo Supervielle S.A. has a fifty-two week low of $1.76 and a fifty-two week high of $8.74.

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.