UBS Group AG Buys 218,039 Shares of Grupo Supervielle S.A. $SUPV

UBS Group AG lifted its stake in Grupo Supervielle S.A. (NYSE:SUPV) by 38.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 785,432 shares of the company’s stock after purchasing an additional 218,039 shares during the period. UBS Group AG owned about 0.90% of Grupo Supervielle worth $9,284,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SUPV. LJI Wealth Management LLC bought a new position in shares of Grupo Supervielle in the third quarter worth about $57,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Grupo Supervielle in the third quarter worth about $91,000. Centiva Capital LP bought a new position in shares of Grupo Supervielle in the third quarter worth about $101,000. Quantbot Technologies LP bought a new position in shares of Grupo Supervielle in the third quarter worth about $164,000. Finally, Bank of America Corp DE grew its holdings in shares of Grupo Supervielle by 551.6% in the third quarter. Bank of America Corp DE now owns 44,965 shares of the company’s stock worth $223,000 after purchasing an additional 38,064 shares during the last quarter.

Grupo Supervielle Stock Down 4.8%

Shares of Grupo Supervielle stock opened at $7.51 on Friday. 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 S.A. has a 1 year low of $4.54 and a 1 year high of $16.90. The firm’s 50-day moving average is $8.85 and its two-hundred day moving average is $10.36. The stock has a market cap of $657.56 million, a price-to-earnings ratio of -20.86 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

SUPV has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a report on Friday, April 17th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

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.