Pictet Asset Management Ltd. bought a new stake in Grupo Supervielle SA -ADR (NYSE:SUPV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,007 shares of the company’s stock, valued at approximately $27,000.

Several other hedge funds have also recently made changes to their positions in the company. Bienville Capital Management LLC boosted its stake in shares of Grupo Supervielle by 15.4% in the first quarter. Bienville Capital Management LLC now owns 1,651,541 shares of the company’s stock valued at $10,042,000 after purchasing an additional 220,921 shares during the period. JPMorgan Chase & Co. grew its position in shares of Grupo Supervielle by 665.4% during the first quarter. JPMorgan Chase & Co. now owns 800,812 shares of the company’s stock worth $4,869,000 after acquiring an additional 696,183 shares during the last quarter. Schroder Investment Management Group grew its position in shares of Grupo Supervielle by 0.7% during the second quarter. Schroder Investment Management Group now owns 218,810 shares of the company’s stock worth $1,724,000 after acquiring an additional 1,500 shares during the last quarter. GAM Holding AG bought a new position in shares of Grupo Supervielle during the second quarter worth about $1,655,000. Finally, Northern Trust Corp grew its position in shares of Grupo Supervielle by 77.7% during the second quarter. Northern Trust Corp now owns 145,718 shares of the company’s stock worth $1,149,000 after acquiring an additional 63,707 shares during the last quarter. Institutional investors and hedge funds own 18.80% of the company’s stock.

SUPV has been the subject of several recent research reports. Morgan Stanley lowered shares of Grupo Supervielle from an “overweight” rating to an “underweight” rating in a research report on Monday, August 12th. ValuEngine lowered shares of Grupo Supervielle from a “sell” rating to a “strong sell” rating in a research report on Monday, August 12th. Bank of America lowered shares of Grupo Supervielle from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $9.00 to $2.00 in a research report on Thursday. Citigroup lowered shares of Grupo Supervielle from a “neutral” rating to a “sell” rating in a research report on Thursday. Finally, Zacks Investment Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Friday, July 26th. Six investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The stock currently has an average rating of “Sell” and an average target price of $9.80.

SUPV traded down $0.09 on Friday, reaching $2.96. The company had a trading volume of 13,091 shares, compared to its average volume of 1,862,291. The company has a fifty day moving average of $4.18 and a 200-day moving average of $6.06. The company has a market capitalization of $273.12 million, a P/E ratio of 3.84 and a beta of 0.53. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.68. Grupo Supervielle SA -ADR has a one year low of $2.25 and a one year high of $11.62.

Grupo Supervielle Profile

Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

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Institutional Ownership by Quarter for Grupo Supervielle (NYSE:SUPV)

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