Grupo Supervielle (NYSE:SUPV) Upgraded at Zacks Investment Research

Grupo Supervielle (NYSE:SUPV – Get Rating) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

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. “

A number of other equities research analysts have also recently commented on the stock. StockNews.com assumed coverage on shares of Grupo Supervielle in a report on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. cut shares of Grupo Supervielle from a “neutral” rating to an “underweight” rating in a report on Thursday, January 20th.

NYSE:SUPV opened at $1.92 on Thursday. The company’s 50 day moving average price is $1.93 and its 200-day moving average price is $2.02. Grupo Supervielle has a 52 week low of $1.61 and a 52 week high of $2.89. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.05. The stock has a market cap of $175.38 million, a price-to-earnings ratio of -19.20 and a beta of 1.43.

A number of hedge funds have recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Grupo Supervielle by 46.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,163 shares of the company’s stock worth $49,000 after acquiring an additional 7,942 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Grupo Supervielle by 41.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 23,646 shares of the company’s stock worth $53,000 after acquiring an additional 6,899 shares during the period. BlackRock Inc. raised its position in Grupo Supervielle by 60.4% in the fourth quarter. BlackRock Inc. now owns 34,739 shares of the company’s stock worth $68,000 after acquiring an additional 13,083 shares during the period. Two Sigma Securities LLC bought a new position in Grupo Supervielle in the third quarter worth approximately $74,000. Finally, Morgan Stanley raised its position in Grupo Supervielle by 111.6% in the first quarter. Morgan Stanley now owns 45,473 shares of the company’s stock worth $79,000 after acquiring an additional 23,988 shares during the period. Institutional investors own 2.02% of the company’s stock.

Grupo Supervielle Company Profile (Get Rating)

Grupo Supervielle SA operates as a holding company. The firm engages in the provision of banking services. It operates through the following segments: Retail Banking, Corporate Banking, Treasury, Consumer, Insurance and Asset Management and Other Services. The Retail Banking segment involves in granting of loans and other credit products such as deposits of physical persons.

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