Grupo Supervielle (NYSE:SUPV) Upgraded to "Hold" at StockNews.com

Grupo Supervielle (NYSE:SUPV - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Friday.

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

Grupo Supervielle Stock Performance

Shares of NYSE:SUPV traded up $1.08 on Friday, hitting $15.06. 932,272 shares of the company were exchanged, compared to its average volume of 1,233,293. The company's 50 day moving average price is $14.98 and its two-hundred day moving average price is $12.34. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 20.92 and a beta of 2.02. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.86 and a current ratio of 0.86. Grupo Supervielle has a one year low of $5.00 and a one year high of $19.75.

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Institutional Investors Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in Grupo Supervielle in the third quarter valued at about $145,000. Quantbot Technologies LP lifted its position in Grupo Supervielle by 212.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company's stock valued at $205,000 after purchasing an additional 19,602 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Grupo Supervielle by 449.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company's stock valued at $436,000 after purchasing an additional 50,138 shares during the last quarter. Freedom Investment Management Inc. acquired a new stake in shares of Grupo Supervielle during the 3rd quarter worth approximately $519,000. Finally, Verition Fund Management LLC acquired a new position in Grupo Supervielle in the third quarter valued at approximately $324,000.

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.