Grupo Supervielle (NYSE:SUPV) Upgraded by Zacks Research to “Hold” Rating

Grupo Supervielle (NYSE:SUPV) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. Weiss Ratings lowered Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. UBS Group started coverage on Grupo Supervielle in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price for the company. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and increased their target price for the company from $5.00 to $12.00 in a research note on Tuesday, October 28th. Finally, Itau BBA Securities began coverage on Grupo Supervielle in a research report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.33.

Grupo Supervielle Stock Performance

Grupo Supervielle stock opened at $12.22 on Monday. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 101.87, a price-to-earnings-growth ratio of 9.14 and a beta of 1.76. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $17.41. 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 stock’s 50-day moving average is $11.27 and its 200-day moving average is $9.48.

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

Hedge Funds Weigh In On Grupo Supervielle

A number of institutional investors have recently made changes to their positions in the business. Mak Capital One LLC boosted its stake in shares of Grupo Supervielle by 36.7% during the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after buying an additional 1,074,732 shares during the last quarter. Sparta 24 Ltd. boosted its stake in Grupo Supervielle by 39,572.6% during the 3rd quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock valued at $4,963,000 after acquiring an additional 999,999 shares during the last quarter. Jump Financial LLC grew its holdings in Grupo Supervielle by 339.2% during the 3rd quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock worth $2,873,000 after acquiring an additional 448,330 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Grupo Supervielle by 264.3% in the 3rd quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock worth $2,637,000 after purchasing an additional 386,524 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Grupo Supervielle by 151.2% in the 3rd quarter. UBS Group AG now owns 567,393 shares of the company’s stock valued at $2,809,000 after purchasing an additional 341,539 shares in the last quarter.

About Grupo Supervielle

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.