Grupo Supervielle (NYSE:SUPV) Trading Down 2.9% – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV) shares traded down 2.9% during mid-day trading on Monday . The stock traded as low as $13.69 and last traded at $13.77. 655,189 shares traded hands during trading, a decline of 48% from the average session volume of 1,253,949 shares. The stock had previously closed at $14.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SUPV shares. Morgan Stanley raised shares of 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. 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 report on Thursday, December 12th. Finally, StockNews.com cut shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Thursday.

Grupo Supervielle Stock Down 2.9 %

The company has a market capitalization of $1.22 billion, a P/E ratio of 19.13 and a beta of 2.02. The company has a 50 day simple moving average of $15.53 and a two-hundred day simple moving average of $12.08. The company has a quick ratio of 0.86, a current 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 modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at approximately $63,000. GAMMA Investing LLC lifted its holdings in shares of Grupo Supervielle by 151.4% in 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. Stratos Wealth Advisors LLC bought a new position in shares of Grupo Supervielle during the 4th quarter worth $151,000. Y Intercept Hong Kong Ltd purchased a new position in Grupo Supervielle during the 4th quarter valued at about $235,000. Finally, XTX Topco Ltd purchased a new stake in shares of Grupo Supervielle in the 4th quarter worth approximately $258,000.

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.