Grupo Supervielle (NYSE:SUPV) Trading 7.1% Higher – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price rose 7.1% during mid-day trading on Thursday . The stock traded as high as $10.98 and last traded at $10.9290. Approximately 456,366 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 1,094,150 shares. The stock had previously closed at $10.20.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Citigroup raised Grupo Supervielle from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. reduced their price objective on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, UBS Group initiated coverage on shares of Grupo Supervielle in a research note on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Trading Up 6.6%

The company’s 50 day moving average price is $11.45 and its 200 day moving average price is $9.62. 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 company has a market cap of $952.11 million, a price-to-earnings ratio of 90.69, a price-to-earnings-growth ratio of 11.66 and a beta of 1.71.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). The business had revenue of $178.38 million for the quarter, compared to analyst estimates of $252.85 billion. Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. Research analysts anticipate that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds and other institutional investors have recently bought and sold shares of SUPV. Millennium Management LLC boosted its holdings in shares of Grupo Supervielle by 46.3% during the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock worth $9,823,000 after buying an additional 238,064 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Grupo Supervielle by 38.8% in the 1st 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 in the last quarter. Sparta 24 Ltd. bought a new position in Grupo Supervielle in the second quarter valued at about $27,000. Y Intercept Hong Kong Ltd raised its position in Grupo Supervielle by 197.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company’s stock valued at $405,000 after purchasing an additional 25,340 shares during the last quarter. Finally, Titan Global Capital Management USA LLC boosted its stake in shares of Grupo Supervielle by 5.3% during the second quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock valued at $572,000 after purchasing an additional 2,711 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.