Grupo Supervielle (NYSE:SUPV) Shares Gap Up – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) gapped up prior to trading on Thursday . The stock had previously closed at $14.58, but opened at $15.02. Grupo Supervielle shares last traded at $15.01, with a volume of 174,369 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on SUPV shares. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research report on Monday, December 16th. StockNews.com raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Friday, March 21st. Finally, JPMorgan Chase & Co. upgraded shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a research note on Thursday, December 12th.

Grupo Supervielle Price Performance

The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $14.82 and a two-hundred day simple moving average of $12.41. The company has a market cap of $1.26 billion, a PE ratio of 19.96 and a beta of 2.02.

Institutional Trading of Grupo Supervielle

Institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in Grupo Supervielle in the third quarter valued at $145,000. Quantbot Technologies LP lifted its stake 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 valued at $205,000 after purchasing an additional 19,602 shares during the period. BNP Paribas Financial Markets boosted its holdings in Grupo Supervielle by 449.1% during the third quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock worth $436,000 after buying an additional 50,138 shares in the last quarter. Freedom Investment Management Inc. acquired a new position in Grupo Supervielle during the third quarter worth about $519,000. Finally, Verition Fund Management LLC purchased a new position in Grupo Supervielle in the third quarter valued at about $324,000.

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.