Grupo Supervielle (NYSE:SUPV) Shares Down 4% – What’s Next?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) dropped 4% on Thursday . The company traded as low as $17.97 and last traded at $17.97. Approximately 210,459 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 1,659,499 shares. The stock had previously closed at $18.72.

Analyst Ratings Changes

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

Grupo Supervielle Stock Down 4.7 %

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a market cap of $1.63 billion, a PE ratio of 24.79 and a beta of 1.96. The business has a 50 day moving average price of $13.76 and a 200 day moving average price of $9.53.

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds have recently bought and sold shares of SUPV. Caxton Associates LP boosted its position in Grupo Supervielle by 114.2% during the second 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. Mak Capital One LLC boosted its position 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 worth $13,930,000 after purchasing an additional 561,720 shares in the last quarter. Precision Wealth Strategies LLC purchased a new position in Grupo Supervielle during the third quarter worth approximately $317,000. Dynamic Technology Lab Private Ltd purchased a new position in Grupo Supervielle during the third quarter worth approximately $145,000. Finally, Quantbot Technologies LP boosted its position in Grupo Supervielle by 212.9% during the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after purchasing an additional 19,602 shares in 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.