Grupo Supervielle (NYSE:SUPV) Sets New 52-Week High – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV) shares reached a new 52-week high on Thursday . The company traded as high as $16.50 and last traded at $16.45, with a volume of 756438 shares traded. The stock had previously closed at $15.11.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SUPV. Morgan Stanley upgraded 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. raised 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 Stock Up 2.5 %

The firm has a market cap of $1.56 billion, a P/E ratio of 23.72 and a beta of 1.96. The business’s 50 day moving average is $12.25 and its two-hundred day moving average is $8.86.

Institutional Investors Weigh In On Grupo Supervielle

Several large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC grew its holdings in Grupo Supervielle by 563.5% in the second quarter. Acadian Asset Management LLC now owns 201,552 shares of the company’s stock worth $1,366,000 after purchasing an additional 171,173 shares during the period. Ping Capital Management Inc. acquired a new position in Grupo Supervielle during the 2nd quarter worth approximately $2,178,000. Caxton Associates LP boosted its holdings in Grupo Supervielle by 114.2% in the second quarter. Caxton Associates LP now owns 102,518 shares of the company’s stock worth $695,000 after acquiring an additional 54,651 shares in the last quarter. Mak Capital One LLC grew its stake in Grupo Supervielle by 37.6% in the second quarter. Mak Capital One LLC now owns 2,054,581 shares of the company’s stock valued at $13,930,000 after acquiring an additional 561,720 shares during the period. Finally, Precision Wealth Strategies LLC bought a new stake in shares of Grupo Supervielle during the third quarter valued at approximately $317,000.

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.