Grupo Supervielle (NYSE:SUPV) Shares Gap Up - Still a Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $14.58, but opened at $15.02. Grupo Supervielle shares last traded at $15.01, with a volume of 174,369 shares.

Analyst Ratings Changes

SUPV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 price target on the stock in a report on Thursday, December 12th. Morgan Stanley raised Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price target for the company in a report on Monday, December 16th. Finally, StockNews.com cut shares of Grupo Supervielle from a "hold" rating to a "sell" rating in a research note on Saturday.

Grupo Supervielle Stock Performance

The stock has a market capitalization of $1.16 billion, a PE ratio of 18.10 and a beta of 2.02. The business's 50 day moving average is $14.68 and its 200 day moving average is $12.53. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

Institutional Trading of Grupo Supervielle

Institutional investors and hedge funds have recently made changes to their positions in the business. PointState Capital LP increased its stake in Grupo Supervielle by 300.7% in the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company's stock worth $28,659,000 after buying an additional 1,423,383 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Grupo Supervielle by 5.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company's stock valued at $22,193,000 after acquiring an additional 75,129 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Grupo Supervielle by 111.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company's stock valued at $21,296,000 after purchasing an additional 742,479 shares during the period. Brevan Howard Capital Management LP increased its holdings in Grupo Supervielle by 585.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company's stock worth $19,724,000 after purchasing an additional 1,106,497 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Grupo Supervielle by 6.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,227,122 shares of the company's stock worth $18,542,000 after purchasing an additional 69,197 shares during the period.

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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.