Grupo Supervielle (NYSE:SUPV) Stock Price Down 2.9% – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) shares traded down 2.9% during trading on Monday . The company traded as low as $13.69 and last traded at $13.77. 655,189 shares were traded during trading, a decline of 48% from the average session volume of 1,253,949 shares. The stock had previously closed at $14.18.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a research report on Thursday, December 12th. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research report on Monday, December 16th. Finally, StockNews.com downgraded Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th.

Grupo Supervielle Price Performance

The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 18.15 and a beta of 2.02. The company has a 50 day moving average of $15.35 and a 200 day moving average of $12.16. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On Grupo Supervielle

Several institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its stake in Grupo Supervielle by 4.9% in the fourth quarter. NewEdge Advisors LLC now owns 18,619 shares of the company’s stock valued at $281,000 after purchasing an additional 867 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Grupo Supervielle during the fourth quarter worth about $63,000. GAMMA Investing LLC increased its stake in Grupo Supervielle by 151.4% during the fourth quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after acquiring an additional 4,349 shares during the last quarter. Stratos Wealth Advisors LLC acquired a new stake in Grupo Supervielle during the fourth quarter worth about $151,000. Finally, Jump Financial LLC increased its stake in Grupo Supervielle by 8.0% during the fourth quarter. Jump Financial LLC now owns 190,813 shares of the company’s stock worth $2,883,000 after acquiring an additional 14,082 shares during 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.