StockNews.com Downgrades Grupo Supervielle (NYSE:SUPV) to Sell

Grupo Supervielle (NYSE:SUPV - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other brokerages also recently weighed in on SUPV. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 target price for the company in a report on Thursday, December 12th. Morgan Stanley upgraded Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price objective on the stock in a research report on Monday, December 16th.

Grupo Supervielle Price Performance

NYSE:SUPV traded up $0.01 during trading hours on Friday, hitting $13.24. 557,271 shares of the stock traded hands, compared to its average volume of 1,234,077. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 18.39 and a beta of 2.02. Grupo Supervielle has a 1 year low of $5.00 and a 1 year high of $19.75. The stock has a 50 day moving average price of $14.42 and a 200 day moving average price of $12.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently modified their holdings of the stock. TT International Asset Management LTD lifted its stake in Grupo Supervielle by 539.9% in the 4th quarter. TT International Asset Management LTD now owns 116,086 shares of the company's stock worth $1,754,000 after purchasing an additional 97,946 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Grupo Supervielle in the third quarter worth about $749,000. Koshinski Asset Management Inc. purchased a new stake in shares of Grupo Supervielle in the fourth quarter worth about $289,000. Sparta 24 Ltd. bought a new position in Grupo Supervielle during the fourth quarter valued at approximately $2,192,000. Finally, JPMorgan Chase & Co. grew its holdings in Grupo Supervielle by 129.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company's stock valued at $2,663,000 after buying an additional 211,166 shares in the last quarter.

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.