Grupo Supervielle (NYSE:SUPV) Stock Price Down 4% – Should You Sell?

Grupo Supervielle S.A. (NYSE:SUPV) traded down 4% during trading on Thursday . The stock traded as low as $17.97 and last traded at $17.97. 210,459 shares were traded during mid-day trading, a decline of 87% from the average session volume of 1,659,499 shares. The stock had previously closed at $18.72.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in 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 for the company in a report on Monday, December 16th. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a research note on Thursday, December 12th.

Grupo Supervielle Price Performance

The stock has a 50-day moving average price of $14.07 and a 200 day moving average price of $9.67. 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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sparta 24 Ltd. acquired a new stake in shares of Grupo Supervielle during the 4th quarter worth about $2,192,000. Koshinski Asset Management Inc. acquired a new stake in Grupo Supervielle during the fourth quarter worth approximately $289,000. TT International Asset Management LTD lifted its position in shares of Grupo Supervielle by 539.9% during the 4th quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock worth $1,754,000 after buying an additional 97,946 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Grupo Supervielle by 151.4% during the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after buying an additional 4,349 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted 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 valued at $2,663,000 after buying an additional 211,166 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.