Grupo Supervielle (NYSE:SUPV) Hits New 1-Year High – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.70 and last traded at $11.42, with a volume of 2097229 shares changing hands. The stock had previously closed at $10.89.

Wall Street Analyst Weigh In

Separately, Bank of America raised shares of Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 price objective for the company in a research note on Thursday, August 8th.

Grupo Supervielle Stock Down 0.3 %

The stock’s fifty day simple moving average is $8.81 and its two-hundred day simple moving average is $7.52.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors have recently added to or reduced their stakes in the company. Centiva Capital LP acquired a new position in shares of Grupo Supervielle in the 3rd quarter valued at about $127,000. Dynamic Technology Lab Private Ltd purchased a new stake in Grupo Supervielle during the third quarter worth approximately $145,000. Quantbot Technologies LP increased its position in shares of Grupo Supervielle by 212.9% in the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after acquiring an additional 19,602 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of Grupo Supervielle in the 3rd quarter valued at $283,000. Finally, Precision Wealth Strategies LLC acquired a new position in shares of Grupo Supervielle during the third quarter worth about $317,000.

Grupo Supervielle Company Profile

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.