Grupo Supervielle (NYSE:SUPV) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of Grupo Supervielle (NYSE:SUPV - Free Report) from a hold rating to a sell rating in a research note published on Thursday morning.

SUPV has been the topic of a number of other reports. JPMorgan Chase & Co. upgraded shares of 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. 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 note on Monday, December 16th.

Grupo Supervielle Stock Performance

Shares of NYSE SUPV traded down $0.50 during mid-day trading on Thursday, reaching $13.69. 856,098 shares of the company's stock were exchanged, compared to its average volume of 1,251,277. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.01 and a beta of 2.02. The firm has a 50-day moving average price of $15.53 and a two-hundred day moving average price of $12.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86. Grupo Supervielle has a 52 week low of $5.00 and a 52 week high of $19.75.

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Hedge Funds Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Voloridge Investment Management LLC bought a new stake in shares of Grupo Supervielle in the fourth quarter valued at approximately $1,693,000. PointState Capital LP raised its holdings in Grupo Supervielle by 300.7% during the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company's stock valued at $28,659,000 after acquiring an additional 1,423,383 shares during the period. Millennium Management LLC raised its holdings in Grupo Supervielle by 65.1% during the 4th quarter. Millennium Management LLC now owns 514,060 shares of the company's stock valued at $7,767,000 after acquiring an additional 202,633 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Grupo Supervielle by 111.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company's stock worth $21,296,000 after acquiring an additional 742,479 shares in the last quarter. Finally, Bosun Asset Management LLC boosted its holdings in shares of Grupo Supervielle by 19.0% in the fourth quarter. Bosun Asset Management LLC now owns 124,226 shares of the company's stock worth $1,877,000 after acquiring an additional 19,874 shares during the period.

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.