Grupo Supervielle SA -ADR (SUPV) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “

Grupo Supervielle SA -ADR (NASDAQ:SUPV) traded up 1.72% during midday trading on Thursday, reaching $17.12. The company’s stock had a trading volume of 151,807 shares. The firm has a market cap of $6.23 billion and a price-to-earnings ratio of 64.36. The company has a 50 day moving average price of $16.08 and a 200 day moving average price of $14.82. Grupo Supervielle SA -ADR has a 1-year low of $10.00 and a 1-year high of $17.43.

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Several large investors have recently added to or reduced their stakes in the stock. Ellington Management Group LLC acquired a new stake in Grupo Supervielle SA -ADR during the fourth quarter valued at about $155,000. Acadian Asset Management LLC purchased a new position in Grupo Supervielle SA -ADR during the third quarter worth $291,000. Blackstone Group L.P. purchased a new position in Grupo Supervielle SA -ADR during the third quarter worth $293,000. Dynamic Technology Lab Private Ltd purchased a new position in Grupo Supervielle SA -ADR during the fourth quarter worth $307,000. Finally, Sei Investments Co. purchased a new position in Grupo Supervielle SA -ADR during the third quarter worth $511,000.

Grupo Supervielle SA -ADR Company Profile

Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.

5 Day Chart for NASDAQ:SUPV

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