Grupo Supervielle (NYSE:SUPV) Shares Up 5.3% - Still a Buy?

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) shares were up 5.3% during trading on Friday . The stock traded as high as $14.22 and last traded at $14.31. Approximately 625,579 shares changed hands during trading, a decline of 50% from the average daily volume of 1,241,573 shares. The stock had previously closed at $13.59.

Analysts Set New Price Targets

Several equities analysts recently commented on SUPV shares. StockNews.com raised Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Friday. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 price objective for the company in a research note on Thursday, December 12th. Finally, Morgan Stanley upgraded Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price target on the stock in a research note on Monday, December 16th.

Grupo Supervielle Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $1.33 billion, a PE ratio of 20.97 and a beta of 2.02. The company's 50-day simple moving average is $14.98 and its 200-day simple moving average is $12.34.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Grupo Supervielle during the fourth quarter worth about $63,000. GAMMA Investing LLC increased its position in Grupo Supervielle by 151.4% during the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company's stock worth $109,000 after purchasing an additional 4,349 shares during the period. Stratos Wealth Advisors LLC purchased a new position in Grupo Supervielle in the fourth quarter worth $151,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Grupo Supervielle during the 4th quarter worth $235,000. Finally, XTX Topco Ltd acquired a new position in shares of Grupo Supervielle during the 4th quarter worth $258,000.

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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.