Grupo Supervielle (NYSE:SUPV) Stock Price Up 4.4% – Should You Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) rose 4.4% during mid-day trading on Tuesday . The company traded as high as $16.27 and last traded at $16.08. Approximately 461,936 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 1,240,552 shares. The stock had previously closed at $15.40.

Analysts Set New Price Targets

SUPV has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded shares of 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 objective for the company in a research note on Monday.

Grupo Supervielle Trading Up 1.5 %

The firm has a market cap of $1.43 billion, a P/E ratio of 21.40 and a beta of 2.06. The firm’s 50 day moving average is $10.11 and its two-hundred day moving average is $8.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP bought a new position in Grupo Supervielle during the 3rd quarter worth about $127,000. Insigneo Advisory Services LLC increased its stake in shares of Grupo Supervielle by 60.8% during the 3rd quarter. Insigneo Advisory Services LLC now owns 47,749 shares of the company’s stock worth $339,000 after purchasing an additional 18,060 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Grupo Supervielle by 212.9% in 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 during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Grupo Supervielle in the 3rd quarter valued at about $145,000. Finally, Benjamin Edwards Inc. bought a new position in Grupo Supervielle during the third quarter worth about $283,000.

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.