Zacks Investment Research Lowers Grupo Supervielle SA -ADR (SUPV) to Sell
Grupo Supervielle SA -ADR (NASDAQ:SUPV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.
According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “
Several other research analysts also recently commented on the company. Bank of America Corporation reissued a “buy” rating and issued a $24.00 target price (up from $17.00) on shares of Grupo Supervielle SA -ADR in a report on Friday, July 14th. UBS AG upped their price objective on Grupo Supervielle SA -ADR from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Thursday, September 21st. Finally, BidaskClub raised Grupo Supervielle SA -ADR from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 3rd.
Shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) opened at 24.37 on Thursday. Grupo Supervielle SA -ADR has a 52 week low of $11.98 and a 52 week high of $25.41. The firm’s 50-day moving average price is $23.20 and its 200 day moving average price is $23.20. The company has a market cap of $8.87 billion and a P/E ratio of 79.38.
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Several hedge funds have recently bought and sold shares of the company. Eqis Capital Management Inc. acquired a new position in shares of Grupo Supervielle SA -ADR in the 3rd quarter valued at $358,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Grupo Supervielle SA -ADR in the 2nd quarter valued at $185,000. Wasatch Advisors Inc. lifted its stake in shares of Grupo Supervielle SA -ADR by 141.8% in the 2nd quarter. Wasatch Advisors Inc. now owns 344,348 shares of the company’s stock valued at $6,226,000 after purchasing an additional 201,931 shares during the period. Capital World Investors acquired a new position in shares of Grupo Supervielle SA -ADR in the 2nd quarter valued at $4,609,000. Finally, Discovery Capital Management LLC CT lifted its stake in shares of Grupo Supervielle SA -ADR by 11.1% in the 2nd quarter. Discovery Capital Management LLC CT now owns 1,000,000 shares of the company’s stock valued at $18,080,000 after purchasing an additional 100,000 shares during the period.
Grupo Supervielle SA -ADR Company Profile
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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