Itau Unibanco Holding S.A. cut its holdings in Grupo Supervielle SA -ADR (NYSE:SUPV) by 73.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,446 shares of the company’s stock after selling 325,354 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Grupo Supervielle were worth $3,444,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Tricadia Capital Management LLC lifted its position in Grupo Supervielle by 0.8% in the 4th quarter. Tricadia Capital Management LLC now owns 199,809 shares of the company’s stock valued at $5,858,000 after acquiring an additional 1,676 shares in the last quarter. DnB Asset Management AS lifted its position in Grupo Supervielle by 11.0% in the 4th quarter. DnB Asset Management AS now owns 23,200 shares of the company’s stock valued at $680,000 after acquiring an additional 2,300 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new position in Grupo Supervielle in the 4th quarter valued at approximately $104,000. Commonwealth Bank of Australia lifted its position in Grupo Supervielle by 257.0% in the 3rd quarter. Commonwealth Bank of Australia now owns 10,755 shares of the company’s stock valued at $264,000 after acquiring an additional 7,742 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Grupo Supervielle in the 4th quarter valued at approximately $291,000. 58.54% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on SUPV. ValuEngine raised Grupo Supervielle from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. JPMorgan Chase & Co. began coverage on Grupo Supervielle in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $29.00 price objective on the stock. Finally, BidaskClub cut Grupo Supervielle from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $26.33.
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About Grupo Supervielle
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.
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