Dynamic Technology Lab Private Ltd bought a new stake in shares of Grupo Supervielle SA -ADR (NASDAQ:SUPV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,211 shares of the company’s stock, valued at approximately $185,000.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Wasatch Advisors Inc. raised its stake in Grupo Supervielle SA -ADR by 141.8% during the 2nd quarter. Wasatch Advisors Inc. now owns 344,348 shares of the company’s stock valued at $6,226,000 after purchasing an additional 201,931 shares during the period. Capital World Investors bought a new stake in Grupo Supervielle SA -ADR during the 2nd quarter valued at approximately $4,609,000. Discovery Capital Management LLC CT raised its stake in Grupo Supervielle SA -ADR by 11.1% during the 2nd quarter. Discovery Capital Management LLC CT now owns 1,000,000 shares of the company’s stock valued at $18,080,000 after purchasing an additional 100,000 shares during the period. Carmignac Gestion increased its position in shares of Grupo Supervielle SA -ADR by 22.0% during the 2nd quarter. Carmignac Gestion now owns 488,059 shares of the company’s stock valued at $8,824,000 after purchasing an additional 88,059 shares during the last quarter. Finally, FMR LLC increased its position in shares of Grupo Supervielle SA -ADR by 38.5% during the 2nd quarter. FMR LLC now owns 973,956 shares of the company’s stock valued at $17,609,000 after purchasing an additional 270,600 shares during the last quarter.
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Several research firms have recently weighed in on SUPV. BidaskClub raised Grupo Supervielle SA -ADR from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. Bank of America Corporation reissued 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 report on Friday, July 14th. Zacks Investment Research downgraded Grupo Supervielle SA -ADR from a “hold” rating to a “sell” rating in a research report on Thursday, October 12th. Finally, UBS AG boosted 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.
Grupo Supervielle SA -ADR 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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