Grupo Supervielle (NYSE:SUPV) Reaches New 1-Year High – Time to Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $13.50 and last traded at $13.08, with a volume of 972208 shares traded. The stock had previously closed at $13.03.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a research note on Thursday.

Grupo Supervielle Stock Up 0.3 %

The stock’s fifty day moving average price is $9.95 and its 200 day moving average price is $7.95.

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Centiva Capital LP purchased a new position in Grupo Supervielle in the 3rd quarter worth $127,000. Insigneo Advisory Services LLC grew its stake in shares of Grupo Supervielle by 60.8% during the third quarter. Insigneo Advisory Services LLC now owns 47,749 shares of the company’s stock valued at $339,000 after buying an additional 18,060 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of Grupo Supervielle by 212.9% in the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after buying an additional 19,602 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Grupo Supervielle in the 3rd quarter valued at about $145,000. Finally, Benjamin Edwards Inc. purchased a new stake in Grupo Supervielle during the 3rd quarter valued at about $283,000.

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.