Global X Management Co. LLC increased its stake in Grupo Supervielle SA -ADR (NASDAQ:SUPV) by 21.1% during the second quarter, Holdings Channel reports. The firm owned 176,209 shares of the company’s stock after buying an additional 30,643 shares during the period. Global X Management Co. LLC’s holdings in Grupo Supervielle SA -ADR were worth $3,186,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the company. Newfoundland Capital Management increased its stake in Grupo Supervielle SA -ADR by 79.8% in the first quarter. Newfoundland Capital Management now owns 1,891,533 shares of the company’s stock valued at $32,155,000 after buying an additional 839,387 shares during the period. Morgan Stanley increased its stake in Grupo Supervielle SA -ADR by 62,844.2% in the first quarter. Morgan Stanley now owns 1,539,615 shares of the company’s stock valued at $26,174,000 after buying an additional 1,537,169 shares during the period. Goldman Sachs Group Inc. increased its stake in Grupo Supervielle SA -ADR by 13.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,292,447 shares of the company’s stock valued at $21,971,000 after buying an additional 153,291 shares during the period. Van ECK Associates Corp increased its stake in Grupo Supervielle SA -ADR by 51.3% in the first quarter. Van ECK Associates Corp now owns 1,107,040 shares of the company’s stock valued at $18,820,000 after buying an additional 375,200 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in Grupo Supervielle SA -ADR by 0.8% in the first quarter. Artisan Partners Limited Partnership now owns 682,634 shares of the company’s stock valued at $11,605,000 after buying an additional 5,187 shares during the period.

Shares of Grupo Supervielle SA -ADR (NASDAQ SUPV) opened at 17.68 on Friday. The stock’s 50 day moving average price is $17.65 and its 200 day moving average price is $16.59. The company has a market cap of $6.43 billion and a P/E ratio of 71.29. Grupo Supervielle SA -ADR has a 1-year low of $11.98 and a 1-year high of $18.44.

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SUPV has been the subject of several recent analyst reports. Zacks Investment Research upgraded Grupo Supervielle SA -ADR from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. Bank of America Corporation reiterated a “buy” rating and set a $24.00 price target (up previously from $17.00) on shares of Grupo Supervielle SA -ADR in a research note on Friday, July 14th.

Grupo Supervielle SA -ADR Company 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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Institutional Ownership by Quarter for Grupo Supervielle SA -ADR (NASDAQ:SUPV)

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