Grupo Supervielle (NYSE:SUPV) Reaches New 1-Year High – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.20 and last traded at $18.33, with a volume of 2476928 shares trading hands. The stock had previously closed at $17.64.

Wall Street Analysts Forecast Growth

SUPV has been the topic of several research reports. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective 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 objective for the company in a report on Monday, December 16th.

Grupo Supervielle Trading Up 1.3 %

The company has a 50 day simple moving average of $12.99 and a 200 day simple moving average of $9.18. The stock has a market capitalization of $1.69 billion, a PE ratio of 25.76 and a beta of 1.96.

Institutional Trading of Grupo Supervielle

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in Grupo Supervielle by 151.4% during the fourth quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after purchasing an additional 4,349 shares in the last quarter. Centiva Capital LP acquired a new position in Grupo Supervielle during the 3rd quarter worth approximately $127,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Grupo Supervielle during the 3rd quarter worth approximately $145,000. Quantbot Technologies LP lifted its holdings in shares of Grupo Supervielle by 212.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after buying an additional 19,602 shares during the period. Finally, Benjamin Edwards Inc. acquired a new position in Grupo Supervielle during the third quarter worth $283,000.

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.