Grupo Supervielle (NYSE:SUPV) Sets New 12-Month High at $8.11

Grupo Supervielle S.A. (NYSE:SUPV)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $8.11 and last traded at $8.02, with a volume of 362800 shares traded. The stock had previously closed at $7.84.

Analysts Set New Price Targets

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

Grupo Supervielle Trading Up 1.3 %

The firm has a fifty day moving average of $6.76 and a 200 day moving average of $6.35.

Institutional Trading of Grupo Supervielle

Several institutional investors have recently added to or reduced their stakes in the business. Mak Capital One LLC increased its stake in 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 purchasing an additional 561,720 shares during the last quarter. Caxton Associates LP increased its stake in Grupo Supervielle by 114.2% during the second quarter. Caxton Associates LP now owns 102,518 shares of the company’s stock valued at $695,000 after purchasing an additional 54,651 shares during the last quarter. Ping Capital Management Inc. bought a new stake in Grupo Supervielle during the second quarter valued at $2,178,000. Acadian Asset Management LLC increased its stake in Grupo Supervielle by 563.5% during the second quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock valued at $1,366,000 after purchasing an additional 171,173 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Grupo Supervielle by 1,262.1% during the first quarter. BNP Paribas Financial Markets now owns 17,735 shares of the company’s stock valued at $101,000 after purchasing an additional 16,433 shares during 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.