Grupo Supervielle (NYSE:SUPV) Trading 5.8% Higher – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV) shares shot up 5.8% during trading on Tuesday . The company traded as high as $18.68 and last traded at $18.66. 1,231,892 shares changed hands during trading, a decline of 20% from the average session volume of 1,540,462 shares. The stock had previously closed at $17.64.

Analyst Upgrades and Downgrades

SUPV has been the subject of a number of recent research reports. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price for the company in a report on Monday, December 16th. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Thursday, December 12th.

Grupo Supervielle Stock Up 1.3 %

The company’s fifty day moving average price is $12.80 and its two-hundred day moving average price is $9.12. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 25.76 and a beta of 1.96.

Institutional Investors Weigh In On Grupo Supervielle

A number of hedge funds and other institutional investors have recently bought and sold shares of SUPV. Mak Capital One LLC boosted its stake in Grupo Supervielle by 37.6% in the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock worth $13,930,000 after purchasing an additional 561,720 shares in the last quarter. JPMorgan Chase & Co. raised its position in Grupo Supervielle by 129.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock worth $2,663,000 after purchasing an additional 211,166 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in Grupo Supervielle by 563.5% during the 2nd quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock worth $1,366,000 after buying an additional 171,173 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Grupo Supervielle in the 3rd quarter valued at $995,000. Finally, Jane Street Group LLC acquired a new stake in shares of Grupo Supervielle in the 3rd quarter valued at $749,000.

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.