Grupo Supervielle (NYSE:SUPV) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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 firms also recently weighed in on SUPV. BidaskClub raised Grupo Supervielle from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. UBS lifted their price objective on Grupo Supervielle from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, September 21st. Finally, J P Morgan Chase & Co assumed coverage on Grupo Supervielle in a research report on Tuesday, November 21st. They issued an “overweight” rating and a $29.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Grupo Supervielle currently has a consensus rating of “Buy” and a consensus target price of $26.33.

Grupo Supervielle (NYSE:SUPV) traded up $0.99 on Wednesday, hitting $29.51. The stock had a trading volume of 423,000 shares, compared to its average volume of 319,844. The company has a quick ratio of 1.59, a current ratio of 1.53 and a debt-to-equity ratio of 0.67. The firm has a market cap of $2,075.11, a PE ratio of 15.93, a P/E/G ratio of 0.68 and a beta of -1.13. Grupo Supervielle has a 1-year low of $11.97 and a 1-year high of $29.51.

A number of institutional investors have recently modified their holdings of SUPV. Carmignac Gestion lifted its stake in shares of Grupo Supervielle by 414.4% in the third quarter. Carmignac Gestion now owns 2,510,723 shares of the company’s stock worth $61,990,000 after acquiring an additional 2,022,664 shares in the last quarter. TT International acquired a new position in shares of Grupo Supervielle in the third quarter worth about $35,450,000. Kora Management LP lifted its stake in shares of Grupo Supervielle by 12.9% in the third quarter. Kora Management LP now owns 1,313,514 shares of the company’s stock worth $32,431,000 after acquiring an additional 150,000 shares in the last quarter. Investec Asset Management LTD increased its holdings in Grupo Supervielle by 177.8% in the third quarter. Investec Asset Management LTD now owns 908,587 shares of the company’s stock valued at $22,433,000 after buying an additional 581,487 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Grupo Supervielle by 10.7% in the third quarter. Artisan Partners Limited Partnership now owns 829,949 shares of the company’s stock valued at $20,491,000 after buying an additional 80,176 shares during the last quarter. Hedge funds and other institutional investors own 58.83% of the company’s stock.

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About Grupo Supervielle

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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