Grupo Supervielle (NYSE:SUPV) Stock Price Down 2.9% – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) shares traded down 2.9% during trading on Monday . The stock traded as low as $13.69 and last traded at $13.77. 655,189 shares changed hands during trading, a decline of 48% from the average session volume of 1,253,949 shares. The stock had previously closed at $14.18.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a research report on Thursday, December 12th. StockNews.com lowered Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th. Finally, Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a research report on Monday, December 16th.

Grupo Supervielle Stock Performance

The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 18.15 and a beta of 2.02. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a fifty day moving average price of $15.35 and a 200-day moving average price of $12.16.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Grupo Supervielle in the third quarter valued at approximately $145,000. Quantbot Technologies LP boosted its stake 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 valued at $205,000 after buying an additional 19,602 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Grupo Supervielle by 449.1% in the third quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock valued at $436,000 after buying an additional 50,138 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in shares of Grupo Supervielle in the third quarter valued at approximately $519,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Grupo Supervielle in the third quarter valued at approximately $324,000.

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.