Grupo Supervielle (NYSE:SUPV) Sets New 52-Week High – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.70 and last traded at $11.42, with a volume of 2097229 shares traded. The stock had previously closed at $10.89.

Analyst Ratings Changes

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

Grupo Supervielle Price Performance

The company has a 50-day moving average of $8.68 and a two-hundred day moving average of $7.46. The company has a market capitalization of $1.04 billion, a PE ratio of 11.90 and a beta of 2.00.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds have recently modified their holdings of the company. Centiva Capital LP bought a new stake in shares of Grupo Supervielle during the 3rd quarter valued at $127,000. Insigneo Advisory Services LLC raised its holdings in Grupo Supervielle by 60.8% during the third quarter. Insigneo Advisory Services LLC now owns 47,749 shares of the company’s stock valued at $339,000 after acquiring an additional 18,060 shares during the period. Quantbot Technologies LP lifted its position in shares of Grupo Supervielle by 212.9% in the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after acquiring an additional 19,602 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Grupo Supervielle in the third quarter worth about $145,000. Finally, Acadian Asset Management LLC bought a new position in shares of Grupo Supervielle in the first quarter worth about $173,000.

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.