Grupo Supervielle (NYSE:SUPV) Trading Down 7.7% – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV)’s share price fell 7.7% during trading on Monday . The company traded as low as $8.66 and last traded at $8.64. 1,227,219 shares traded hands during mid-day trading, an increase of 14% from the average session volume of 1,075,504 shares. The stock had previously closed at $9.36.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target 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. UBS Group started coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price for the company. Bank of America reaffirmed a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. Weiss Ratings downgraded shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Grupo Supervielle currently has an average rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle Trading Down 4.5%

The stock’s 50-day moving average price is $11.31 and its 200 day moving average price is $9.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $782.66 million, a PE ratio of 74.51, a price-to-earnings-growth ratio of 13.28 and a beta of 1.71.

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds have recently made changes to their positions in the company. Mak Capital One LLC grew its position in shares of Grupo Supervielle by 36.7% during the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock worth $19,800,000 after buying an additional 1,074,732 shares in the last quarter. PointState Capital LP boosted its stake in shares of Grupo Supervielle by 81.5% during the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after purchasing an additional 682,294 shares in the last quarter. RWC Asset Management LLP increased its holdings in Grupo Supervielle by 58.3% during the fourth quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after buying an additional 434,285 shares during the period. Sparta 24 Ltd. raised its stake in Grupo Supervielle by 39,572.6% in the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after buying an additional 999,999 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Grupo Supervielle by 7.0% during the third quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock worth $4,337,000 after buying an additional 57,040 shares during the period.

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.