Fred Alger Management Inc. purchased a new stake in Grupo Supervielle SA -ADR (NYSE:SUPV) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 23,787 shares of the company’s stock, valued at approximately $697,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC acquired a new stake in Grupo Supervielle during the 4th quarter worth $5,446,000. New Vernon Investment Management LLC acquired a new stake in Grupo Supervielle during the 4th quarter worth $2,052,000. Alliancebernstein L.P. boosted its stake in Grupo Supervielle by 47.8% during the 4th quarter. Alliancebernstein L.P. now owns 397,500 shares of the company’s stock worth $11,655,000 after purchasing an additional 128,600 shares during the last quarter. Investec Asset Management LTD boosted its stake in Grupo Supervielle by 34.3% during the 4th quarter. Investec Asset Management LTD now owns 1,220,391 shares of the company’s stock worth $35,782,000 after purchasing an additional 311,804 shares during the last quarter. Finally, Eaton Vance Management acquired a new stake in Grupo Supervielle during the 4th quarter worth $546,000. 60.36% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SUPV opened at $30.57 on Friday. The firm has a market cap of $2,243.92, a price-to-earnings ratio of 16.26, a price-to-earnings-growth ratio of 0.52 and a beta of 0.39. Grupo Supervielle SA -ADR has a 52-week low of $16.11 and a 52-week high of $33.85.
Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Monday, February 19th. The company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. The firm had revenue of $292.96 million for the quarter. Grupo Supervielle had a net margin of 10.52% and a return on equity of 21.55%. sell-side analysts forecast that Grupo Supervielle SA -ADR will post 2.4 earnings per share for the current year.
SUPV has been the topic of several recent research reports. Zacks Investment Research cut shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. ValuEngine cut shares of Grupo Supervielle from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $28.75.
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Grupo Supervielle 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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