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

StockNews.com downgraded shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a sell rating in a report published on Saturday.

Several other research firms also recently weighed in on SUPV. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price for the company in a research report on Thursday, December 12th. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research report on Monday, December 16th.

Grupo Supervielle Trading Down 4.5 %

Shares of NYSE SUPV opened at $13.04 on Friday. 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 has a market capitalization of $1.15 billion, a PE ratio of 18.11 and a beta of 2.02. Grupo Supervielle has a twelve month low of $5.00 and a twelve month high of $19.75. The stock has a fifty day simple moving average of $14.60 and a 200-day simple moving average of $12.56.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently bought and sold shares of SUPV. PointState Capital LP increased its position in shares of Grupo Supervielle by 300.7% in the fourth 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. Brevan Howard Capital Management LP grew its stake in Grupo Supervielle by 585.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock valued at $19,724,000 after acquiring an additional 1,106,497 shares during the last quarter. RWC Asset Management LLP purchased a new position in Grupo Supervielle during the 4th quarter valued at about $11,251,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 worth $21,296,000 after acquiring an additional 742,479 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Grupo Supervielle by 129.3% in the third quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock valued at $2,663,000 after purchasing an additional 211,166 shares in the last quarter.

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.