Freedom Investment Management Inc. Invests $519,000 in Grupo Supervielle S.A. (NYSE:SUPV)

Freedom Investment Management Inc. acquired a new stake in Grupo Supervielle S.A. (NYSE:SUPV) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 72,993 shares of the company’s stock, valued at approximately $519,000.

Other hedge funds have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new position in Grupo Supervielle in the third quarter valued at about $145,000. Quantbot Technologies LP lifted its holdings in shares of Grupo Supervielle by 212.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after purchasing an additional 19,602 shares in the last quarter. Precision Wealth Strategies LLC acquired a new position in shares of Grupo Supervielle in the 3rd quarter valued at approximately $317,000. BNP Paribas Financial Markets increased its stake in Grupo Supervielle by 449.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock worth $436,000 after purchasing an additional 50,138 shares in the last quarter. Finally, Caxton Associates LP increased its stake in Grupo Supervielle by 114.2% during the 2nd quarter. Caxton Associates LP now owns 102,518 shares of the company’s stock worth $695,000 after purchasing an additional 54,651 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Grupo Supervielle Trading Up 4.7 %

SUPV stock opened at $11.93 on Friday. The stock has a 50-day moving average price of $8.94 and a two-hundred day moving average price of $7.58. Grupo Supervielle S.A. has a 1 year low of $3.22 and a 1 year high of $11.99.

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.