Grupo Supervielle (NYSE:SUPV) Shares Gap Up – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) gapped up before the market opened on Friday . The stock had previously closed at $11.46, but opened at $12.00. Grupo Supervielle shares last traded at $11.9350, with a volume of 223,096 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on SUPV. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Monday, November 24th. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $5.00 to $12.00 in a report on Tuesday, October 28th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Grupo Supervielle in a research report on Monday. Finally, UBS Group initiated coverage on shares of Grupo Supervielle in a research note on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Grupo Supervielle currently has a consensus rating of “Hold” and a consensus price target of $14.67.

Grupo Supervielle Stock Performance

The firm has a market capitalization of $1.02 billion, a PE ratio of 97.92, a P/E/G ratio of 43.10 and a beta of 1.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day moving average price of $8.92 and a 200 day moving average price of $9.71.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). Grupo Supervielle had a return on equity of 1.15% and a net margin of 0.69%.The company had revenue of $178.38 million during the quarter, compared to analysts’ expectations of $252.85 billion. Research analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mak Capital One LLC grew its position in Grupo Supervielle by 36.7% during the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock worth $19,800,000 after purchasing an additional 1,074,732 shares in the last quarter. PointState Capital LP boosted its position in shares of Grupo Supervielle by 30.1% in the first quarter. PointState Capital LP now owns 2,467,243 shares of the company’s stock worth $32,222,000 after buying an additional 570,523 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Grupo Supervielle by 16.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,634,873 shares of the company’s stock worth $21,351,000 after buying an additional 225,486 shares during the period. Sparta 24 Ltd. grew its holdings in shares of Grupo Supervielle by 39,572.6% during the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock valued at $4,963,000 after buying an additional 999,999 shares in the last quarter. Finally, Millennium Management LLC raised its position in Grupo Supervielle by 7.0% during the third quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock valued at $4,337,000 after buying an additional 57,040 shares during the period.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.