Grupo Supervielle (NYSE:SUPV) shares reached a new 52-week high and low on Thursday . The company traded as low as $16.32 and last traded at $15.22, with a volume of 41786 shares changing hands. The stock had previously closed at $16.82.
A number of research firms have weighed in on SUPV. ValuEngine cut shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Saturday, June 2nd. Zacks Investment Research cut shares of Grupo Supervielle from a “strong-buy” rating to a “hold” rating in a report on Saturday, May 19th. Finally, Santander raised shares of Grupo Supervielle from a “hold” rating to a “buy” rating in a report on Friday, May 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.75.
The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.05. The firm has a market cap of $1.39 billion and a price-to-earnings ratio of 7.93.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP grew its position in shares of Grupo Supervielle by 188.2% in the first quarter. Quantbot Technologies LP now owns 4,945 shares of the company’s stock valued at $150,000 after purchasing an additional 3,229 shares during the period. Citadel Advisors LLC acquired a new position in Grupo Supervielle during the fourth quarter worth about $303,000. DekaBank Deutsche Girozentrale acquired a new position in Grupo Supervielle during the first quarter worth about $428,000. Guggenheim Capital LLC acquired a new position in Grupo Supervielle during the fourth quarter worth about $465,000. Finally, Eaton Vance Management acquired a new position in Grupo Supervielle during the fourth quarter worth about $546,000. Institutional investors and hedge funds own 56.97% of the company’s stock.
About Grupo Supervielle
Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.
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