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

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

Analyst Ratings Changes

Separately, Bank of America upgraded Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 price target on the stock in a report on Thursday, August 8th.

Grupo Supervielle Stock Up 4.9 %

The company’s fifty day moving average price is $8.68 and its 200-day moving average price is $7.46. The stock has a market capitalization of $1.04 billion, a PE ratio of 11.90 and a beta of 2.00.

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds have recently added to or reduced their stakes in the company. Centiva Capital LP bought a new position in Grupo Supervielle during the 3rd quarter valued at about $127,000. Insigneo Advisory Services LLC lifted its position in Grupo Supervielle by 60.8% during the third quarter. Insigneo Advisory Services LLC now owns 47,749 shares of the company’s stock valued at $339,000 after purchasing an additional 18,060 shares during the period. Quantbot Technologies LP boosted its holdings in 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 purchasing an additional 19,602 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Grupo Supervielle in the 3rd quarter worth approximately $145,000. Finally, Acadian Asset Management LLC purchased a new stake in Grupo Supervielle during the 1st quarter valued at $173,000.

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.