Grupo Supervielle (NYSE:SUPV) Shares Up 7.6% – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV) was up 7.6% on Friday . The stock traded as high as $9.86 and last traded at $9.9810. 260,880 shares were traded during trading, a decline of 71% from the average session volume of 892,952 shares. The stock had previously closed at $9.28.

Analysts Set New Price Targets

Several research firms recently weighed in on SUPV. UBS Group decreased their price target on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Wall Street Zen raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Grupo Supervielle currently has an average rating of “Hold” and a consensus price target of $13.17.

Grupo Supervielle Price Performance

The stock’s 50 day moving average price is $9.30 and its 200-day moving average price is $9.92. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $858.83 million, a PE ratio of -16.63 and a beta of 1.58.

Institutional Investors Weigh In On Grupo Supervielle

Several large investors have recently added to or reduced their stakes in SUPV. Wells Fargo & Company MN purchased a new position in shares of Grupo Supervielle during the fourth quarter worth approximately $55,000. Schonfeld Strategic Advisors LLC bought a new position in Grupo Supervielle in the third quarter worth approximately $91,000. Centiva Capital LP bought a new position in Grupo Supervielle in the third quarter worth approximately $101,000. Van ECK Associates Corp increased its holdings in Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after purchasing an additional 4,666 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Grupo Supervielle during the 3rd quarter worth $164,000.

About Grupo Supervielle

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.