Sparta 24 Ltd. Buys 999,999 Shares of Grupo Supervielle S.A. $SUPV

Sparta 24 Ltd. increased its stake in Grupo Supervielle S.A. (NYSE:SUPV) by 39,572.6% during the third quarter, Holdings Channel reports. The firm owned 1,002,526 shares of the company’s stock after acquiring an additional 999,999 shares during the period. Grupo Supervielle makes up approximately 4.5% of Sparta 24 Ltd.’s investment portfolio, making the stock its 5th biggest position. Sparta 24 Ltd.’s holdings in Grupo Supervielle were worth $4,963,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SUPV. Cetera Investment Advisers grew its stake in Grupo Supervielle by 29.3% during the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after buying an additional 6,000 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Grupo Supervielle by 197.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company’s stock worth $405,000 after acquiring an additional 25,340 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Grupo Supervielle by 243.7% during the 2nd quarter. Squarepoint Ops LLC now owns 48,977 shares of the company’s stock worth $519,000 after acquiring an additional 34,726 shares during the period. GAM Holding AG acquired a new stake in shares of Grupo Supervielle during the 3rd quarter worth approximately $248,000. Finally, Titan Global Capital Management USA LLC increased its stake in Grupo Supervielle by 5.3% in the second quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock valued at $572,000 after acquiring an additional 2,711 shares during the last quarter.

Grupo Supervielle Stock Down 4.4%

Shares of NYSE:SUPV opened at $11.61 on Wednesday. The firm has a market cap of $1.02 billion, a P/E ratio of 96.76, a P/E/G ratio of 9.55 and a beta of 1.76. Grupo Supervielle S.A. has a 12-month low of $4.54 and a 12-month high of $19.75. The business has a fifty day simple moving average of $11.40 and a 200 day simple moving average of $9.41. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America reaffirmed a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $5.00 to $12.00 in a research report on Tuesday, October 28th. Wall Street Zen cut Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Grupo Supervielle in a research note on Monday, December 29th. Finally, Citigroup upgraded shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Grupo Supervielle currently has a consensus rating of “Hold” and an average target price of $13.33.

Grupo Supervielle Profile

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.