Grupo Supervielle (NYSE:SUPV) Trading 10.9% Higher – Here’s Why

Shares of Grupo Supervielle S.A. (NYSE:SUPV) traded up 10.9% on Thursday . The stock traded as high as $10.77 and last traded at $10.71. 250,097 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 909,213 shares. The stock had previously closed at $9.66.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Friday, April 17th. Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Grupo Supervielle presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle Stock Up 0.8%

The business’s fifty day simple moving average is $9.05 and its 200 day simple moving average is $10.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock has a market cap of $960.77 million, a price-to-earnings ratio of -18.60 and a beta of 1.57.

Grupo Supervielle (NYSE:SUPV) last released its earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. Grupo Supervielle had a negative return on equity of 4.40% and a negative net margin of 3.46%.The business had revenue of $145.40 million for the quarter. Equities analysts forecast that Grupo Supervielle S.A. will post 0.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of Grupo Supervielle by 285.5% in the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after buying an additional 14,365 shares during the period. Titan Global Capital Management USA LLC grew its holdings in shares of Grupo Supervielle by 5.7% in the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after buying an additional 5,245 shares during the period. Deltec Asset Management LLC acquired a new position in shares of Grupo Supervielle in the 1st quarter valued at $438,000. PointState Capital LP grew its holdings in shares of Grupo Supervielle by 81.5% in the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after buying an additional 682,294 shares during the period. Finally, State of Wisconsin Investment Board acquired a new position in shares of Grupo Supervielle in the 4th quarter valued at $1,192,000.

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.