Grupo Supervielle (NYSE:SUPV) Sets New 12-Month High – Time to Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) hit a new 52-week high during trading on Wednesday . The stock traded as high as $19.75 and last traded at $19.25, with a volume of 156009 shares. The stock had previously closed at $19.15.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a research report 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 report on Monday, December 16th.

Grupo Supervielle Price Performance

The business’s fifty day simple moving average is $13.92 and its 200 day simple moving average is $9.59. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of 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 buying an additional 4,349 shares during the period. Centiva Capital LP bought a new position in Grupo Supervielle during the 3rd quarter worth approximately $127,000. Koshinski Asset Management Inc. acquired a new position in Grupo Supervielle during the fourth quarter valued at approximately $289,000. Dynamic Technology Lab Private Ltd bought a new stake in Grupo Supervielle in the third quarter valued at approximately $145,000. Finally, Quantbot Technologies LP boosted its position in shares of Grupo Supervielle by 212.9% during the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after purchasing an additional 19,602 shares in the last quarter.

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.