Grupo Supervielle (NYSE:SUPV) Trading 7.6% Higher – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV) shares shot up 7.6% during mid-day trading on Friday . The stock traded as high as $9.86 and last traded at $9.9810. Approximately 260,880 shares changed hands during trading, a decline of 71% from the average daily volume of 892,952 shares. The stock had previously closed at $9.28.

Analyst Ratings Changes

A number of research firms have weighed in on SUPV. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a report on Friday, April 17th. Finally, UBS Group dropped their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Grupo Supervielle has an average rating of “Hold” and an average price target of $13.17.

Grupo Supervielle Trading Up 7.2%

The company has a market cap of $871.12 million, a price-to-earnings ratio of -16.92 and a beta of 1.58. The business’s 50 day moving average price is $9.28 and its 200-day moving average price is $9.92. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN acquired a new position in Grupo Supervielle in the 4th quarter valued at $55,000. Van ECK Associates Corp lifted its position in Grupo Supervielle by 101.5% during the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after purchasing an additional 4,666 shares during the period. Titan Global Capital Management USA LLC grew its stake in Grupo Supervielle by 5.7% during the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock worth $912,000 after buying an additional 5,245 shares in the last quarter. Cetera Investment Advisers grew its stake in Grupo Supervielle by 29.3% during the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after buying an additional 6,000 shares in the last quarter. Finally, Paradiem LLC increased its holdings in Grupo Supervielle by 13.8% in the 4th quarter. Paradiem LLC now owns 83,589 shares of the company’s stock valued at $988,000 after buying an additional 10,155 shares during the period.

Grupo Supervielle Company Profile

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.