Grupo Supervielle S.A. (NYSE:SUPV) Sees Large Drop in Short Interest

Grupo Supervielle S.A. (NYSE:SUPV) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 2,531,079 shares, a decrease of 27.1% from the January 29th total of 3,469,956 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,183,991 shares, the days-to-cover ratio is currently 2.1 days. Based on an average daily trading volume, of 1,183,991 shares, the days-to-cover ratio is currently 2.1 days. Approximately 2.9% of the shares of the stock are short sold.

Grupo Supervielle Price Performance

Grupo Supervielle stock opened at $8.56 on Wednesday. Grupo Supervielle has a 1 year low of $4.54 and a 1 year high of $17.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50 day moving average price of $11.17 and a 200 day moving average price of $9.56. The company has a market cap of $749.43 million, a price-to-earnings ratio of -23.78, a PEG ratio of 12.73 and a beta of 1.76.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Monday, March 9th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.38). The company had revenue of $213.90 million during the quarter, compared to analyst estimates of $197.66 million. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.88%. Sell-side analysts predict that Grupo Supervielle will post 1.5 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SUPV. Zacks Research lowered Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. UBS Group initiated coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price on the stock. Bank of America reiterated a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Weiss Ratings downgraded shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen lowered shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.00.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mak Capital One LLC increased 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 grew its stake in Grupo Supervielle by 81.5% during the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after buying an additional 682,294 shares during the period. RWC Asset Management LLP increased its position in shares of Grupo Supervielle by 58.3% in the fourth quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock worth $13,935,000 after acquiring an additional 434,285 shares in the last quarter. Sparta 24 Ltd. raised its stake in shares of Grupo Supervielle by 39,572.6% in 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 period. Finally, Millennium Management LLC lifted its holdings in shares of Grupo Supervielle by 7.0% during the 3rd quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock valued at $4,337,000 after acquiring an additional 57,040 shares in the last quarter.

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.