Grupo Supervielle SA -ADR (SUPV) Upgraded by BidaskClub to Strong-Buy
BidaskClub upgraded shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) from a buy rating to a strong-buy rating in a report issued on Tuesday morning.
Other research analysts also recently issued research reports about the company. UBS AG increased their price objective on Grupo Supervielle SA -ADR from $24.00 to $26.00 and gave the company a buy rating in a report on Thursday, September 21st. Bank of America Corporation restated a buy rating and set a $24.00 target price (up previously from $17.00) on shares of Grupo Supervielle SA -ADR in a research note on Friday, July 14th.
Shares of Grupo Supervielle SA -ADR (NASDAQ SUPV) traded down 1.569% during midday trading on Tuesday, hitting $24.155. The stock had a trading volume of 166,426 shares. Grupo Supervielle SA -ADR has a one year low of $11.98 and a one year high of $25.41. The stock has a market cap of $8.79 billion and a PE ratio of 78.681. The firm has a 50 day moving average price of $22.85 and a 200 day moving average price of $22.85.
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Several hedge funds have recently modified their holdings of SUPV. Eqis Capital Management Inc. acquired a new stake in shares of Grupo Supervielle SA -ADR during the third quarter worth about $358,000. Dynamic Technology Lab Private Ltd purchased a new stake in Grupo Supervielle SA -ADR in the second quarter valued at approximately $185,000. Wasatch Advisors Inc. lifted its stake in Grupo Supervielle SA -ADR by 141.8% in the second quarter. Wasatch Advisors Inc. now owns 344,348 shares of the company’s stock valued at $6,226,000 after buying an additional 201,931 shares during the last quarter. Capital World Investors purchased a new stake in Grupo Supervielle SA -ADR in the second quarter valued at approximately $4,609,000. Finally, Discovery Capital Management LLC CT lifted its stake in Grupo Supervielle SA -ADR by 11.1% in the second quarter. Discovery Capital Management LLC CT now owns 1,000,000 shares of the company’s stock valued at $18,080,000 after buying an additional 100,000 shares during the last quarter.
About Grupo Supervielle SA -ADR
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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