Grupo Supervielle (NYSE:SUPV) Hits New 52-Week High – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.75 and last traded at $19.25, with a volume of 156009 shares changing hands. The stock had previously closed at $19.15.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. 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. raised 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 Trading Down 0.2 %

The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 26.54 and a beta of 1.96. The stock’s 50-day moving average price is $13.58 and its 200-day moving average price is $9.47.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors have recently modified their holdings of the company. Mak Capital One LLC increased its position in shares of Grupo Supervielle by 37.6% during the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after acquiring an additional 561,720 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 worth $2,663,000 after buying an additional 211,166 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Grupo Supervielle in the 3rd quarter worth approximately $995,000. TT International Asset Management LTD boosted its position 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 valued at $1,754,000 after buying an additional 97,946 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Grupo Supervielle during the 3rd quarter valued at about $749,000.

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.