Grupo Supervielle (NYSE:SUPV) Shares Up 10.5% – Still a Buy?

Grupo Supervielle S.A. (NYSE:SUPV) shares rose 10.5% during mid-day trading on Monday . The stock traded as high as $8.97 and last traded at $8.9650. Approximately 466,220 shares traded hands during mid-day trading, a decline of 55% from the average daily volume of 1,031,655 shares. The stock had previously closed at $8.11.

Analyst Ratings Changes

A number of brokerages recently weighed in on SUPV. Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Zacks Research downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Itau BBA Securities started coverage on Grupo Supervielle in a report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 target price for the company. Finally, JPMorgan Chase & Co. decreased their target price on 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, three have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Grupo Supervielle has a consensus rating of “Hold” and an average target price of $13.00.

Grupo Supervielle Stock Up 11.1%

The company has a market cap of $789.09 million, a price-to-earnings ratio of -25.08 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 business has a fifty day moving average price of $10.29 and a two-hundred day moving average price of $9.56.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Monday, March 2nd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%.The company had revenue of $213.90 million for the quarter, compared to analyst estimates of $197.66 million. On average, equities analysts predict that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds have recently modified their holdings of the stock. Mak Capital One LLC raised its holdings in shares of 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 acquiring an additional 1,074,732 shares in the last quarter. PointState Capital LP increased its position in Grupo Supervielle by 81.5% in the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after purchasing an additional 682,294 shares during the last quarter. RWC Asset Management LLP increased its position in Grupo Supervielle by 58.3% in the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock worth $13,935,000 after purchasing an additional 434,285 shares during the last quarter. Sparta 24 Ltd. raised its stake in shares of Grupo Supervielle by 39,572.6% during the 3rd quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after purchasing an additional 999,999 shares in the last quarter. Finally, Millennium Management LLC raised its stake 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 worth $4,337,000 after purchasing an additional 57,040 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.