Russell Investments Group Ltd. Decreases Stock Position in Grupo Supervielle SA -ADR (NYSE:SUPV)

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Russell Investments Group Ltd. cut its position in Grupo Supervielle SA -ADR (NYSE:SUPV) by 22.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 112,127 shares of the company’s stock after selling 32,778 shares during the quarter. Russell Investments Group Ltd.’s holdings in Grupo Supervielle were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in SUPV. Deltec Asset Management LLC boosted its stake in shares of Grupo Supervielle by 30.8% in the second quarter. Deltec Asset Management LLC now owns 51,000 shares of the company’s stock valued at $402,000 after purchasing an additional 12,000 shares during the period. Keybank National Association OH boosted its stake in shares of Grupo Supervielle by 19.8% in the second quarter. Keybank National Association OH now owns 21,000 shares of the company’s stock valued at $165,000 after purchasing an additional 3,474 shares during the period. Banco Santander S.A. purchased a new position in shares of Grupo Supervielle in the second quarter valued at $500,000. Acadian Asset Management LLC purchased a new position in shares of Grupo Supervielle in the second quarter valued at $25,000. Finally, Schroder Investment Management Group boosted its stake in shares of Grupo Supervielle by 0.7% in the second quarter. Schroder Investment Management Group now owns 218,810 shares of the company’s stock valued at $1,724,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 11.92% of the company’s stock.

NYSE SUPV opened at $2.80 on Monday. Grupo Supervielle SA -ADR has a 12 month low of $2.25 and a 12 month high of $11.62. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.92 and a quick ratio of 0.95. The company has a market capitalization of $274.93 million, a price-to-earnings ratio of 3.64 and a beta of 0.54. The company’s fifty day moving average price is $2.83 and its two-hundred day moving average price is $4.86.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.15). Grupo Supervielle had a net margin of 6.09% and a return on equity of 18.00%. The company had revenue of $78.14 million for the quarter, compared to the consensus estimate of $134.87 million. As a group, analysts anticipate that Grupo Supervielle SA -ADR will post 0.86 EPS for the current year.

Several research analysts have recently weighed in on the stock. TheStreet downgraded shares of Grupo Supervielle from a “c-” rating to a “d+” rating in a research note on Thursday, October 31st. Scotiabank initiated coverage on shares of Grupo Supervielle in a research note on Wednesday, August 7th. They set an “underperform” rating on the stock. ValuEngine upgraded shares of Grupo Supervielle from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research downgraded shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Finally, Bank of America downgraded shares of Grupo Supervielle from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $9.00 to $2.00 in a research note on Thursday, September 19th. Six analysts have rated the stock with a sell rating, The company has an average rating of “Sell” and a consensus price target of $5.50.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

See Also: What Does a Sell-Side Analyst Rating Mean?

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Institutional Ownership by Quarter for Grupo Supervielle (NYSE:SUPV)

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