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

Zacks Research upgraded shares of Grupo Supervielle (NYSE:SUPV) from a strong sell rating to a hold rating in a research report released on Thursday,Zacks.com reports.

Several other equities analysts also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Wall Street Zen raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a report on Friday, April 17th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Grupo Supervielle presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle Stock Performance

Grupo Supervielle stock opened at $8.00 on Thursday. The company has a market cap of $700.31 million, a PE ratio of -22.22 and a beta of 1.55. The company has a fifty day moving average price of $9.03 and a two-hundred day moving average price of $10.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $16.90.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings data on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. The business had revenue of $145.40 million during the quarter. Grupo Supervielle had a negative return on equity of 3.99% and a negative net margin of 2.18%. Research analysts expect that Grupo Supervielle will post 0.61 earnings per share for the current year.

Institutional Trading of Grupo Supervielle

Several institutional investors and hedge funds have recently bought and sold shares of SUPV. Kiker Wealth Management LLC grew its stake in Grupo Supervielle by 148.9% during the 3rd quarter. Kiker Wealth Management LLC now owns 316,161 shares of the company’s stock valued at $1,565,000 after acquiring an additional 189,156 shares in the last quarter. Ping Capital Management Inc. grew its stake in shares of Grupo Supervielle by 86.9% in the 3rd quarter. Ping Capital Management Inc. now owns 344,500 shares of the company’s stock valued at $1,705,000 after buying an additional 160,200 shares in the last quarter. Mak Capital One LLC boosted its position in Grupo Supervielle by 36.7% during the third 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 during the period. Kapitalo Investimentos Ltda bought a new stake in Grupo Supervielle during the third quarter worth approximately $1,092,000. Finally, Y Intercept Hong Kong Ltd boosted its position in Grupo Supervielle by 146.8% during the third quarter. Y Intercept Hong Kong Ltd now owns 94,291 shares of the company’s stock worth $467,000 after purchasing an additional 56,089 shares during the period.

Grupo Supervielle Company 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.