Grupo Supervielle (NYSE:SUPV) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Supervielle (NYSE:SUPV) from a sell rating to a hold rating in a research note published on Sunday morning.

A number of other equities analysts also recently commented on SUPV. UBS Group assumed coverage on Grupo Supervielle in a research report on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price objective for the company. Zacks Research cut shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Bank of America reiterated a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. JPMorgan Chase & Co. lowered 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. Finally, Itau BBA Securities began coverage on shares of Grupo Supervielle in a report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle Trading Down 6.6%

NYSE:SUPV opened at $8.20 on Friday. Grupo Supervielle has a 12-month low of $4.54 and a 12-month high of $17.02. The firm has a market cap of $717.91 million, a PE ratio of -22.78 and a beta of 1.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The stock has a fifty day moving average price of $10.66 and a 200 day moving average price of $9.55.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $213.90 million for the quarter, compared to analysts’ expectations of $197.66 million. Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%. Sell-side analysts anticipate that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in Grupo Supervielle by 46.3% in the first quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock valued at $9,823,000 after purchasing an additional 238,064 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Grupo Supervielle by 38.8% in the first quarter. Goldman Sachs Group Inc. now owns 136,881 shares of the company’s stock valued at $1,788,000 after purchasing an additional 38,247 shares during the last quarter. Cetera Investment Advisers raised its holdings 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 purchasing an additional 6,000 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in Grupo Supervielle by 165.1% during the second quarter. Insigneo Advisory Services LLC now owns 96,002 shares of the company’s stock worth $1,017,000 after purchasing an additional 59,793 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of Grupo Supervielle by 19.4% during the 2nd quarter. Jump Financial LLC now owns 132,156 shares of the company’s stock worth $1,400,000 after buying an additional 21,471 shares during 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.