Grupo Supervielle (NYSE:SUPV) Trading Up 10.5% – Here’s Why

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

Analyst Ratings Changes

SUPV has been the topic of several analyst reports. Itau BBA Securities initiated coverage on Grupo Supervielle in a research report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. Bank of America reaffirmed a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Zacks Research downgraded Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Finally, Weiss Ratings cut Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Grupo Supervielle has an average rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Stock Performance

The stock 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 debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The company’s 50 day simple moving average is $10.29 and its 200 day simple moving average is $9.56.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $197.66 million. On average, equities research analysts anticipate 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 company. Wells Fargo & Company MN acquired a new stake in shares of Grupo Supervielle in the fourth quarter valued at $55,000. Van ECK Associates Corp grew its holdings in Grupo Supervielle by 101.5% during the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after acquiring an additional 4,666 shares during the period. Insigneo Advisory Services LLC raised its position in Grupo Supervielle by 5.6% in the third quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock worth $502,000 after acquiring an additional 5,361 shares in the last quarter. Cetera Investment Advisers raised its position in Grupo Supervielle by 29.3% in the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Paradiem LLC lifted its holdings in Grupo Supervielle by 13.8% in the 4th quarter. Paradiem LLC now owns 83,589 shares of the company’s stock valued at $988,000 after acquiring an additional 10,155 shares during the last quarter.

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.