Grupo Supervielle (NYSE:SUPV) Downgraded by Wall Street Zen to Sell

Wall Street Zen downgraded shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a sell rating in a report issued on Saturday.

A number of other research analysts have also recently issued reports on SUPV. Zacks Research cut shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. decreased their price target on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Itau BBA Securities began coverage on Grupo Supervielle in a research note on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Weiss Ratings lowered 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 given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Grupo Supervielle has a consensus rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Trading Up 0.3%

NYSE SUPV opened at $9.45 on Friday. The stock has a 50-day simple moving average of $9.90 and a 200 day simple moving average of $9.73. The company has a market capitalization of $827.00 million, a PE ratio of -26.24 and a beta of 1.78. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $17.02.

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. The company had revenue of $145.40 million for the quarter. Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%. As a group, sell-side analysts predict that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently made changes to their positions in SUPV. Mak Capital One LLC grew its stake in shares of Grupo Supervielle by 36.7% in the third quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after buying an additional 1,074,732 shares in the last quarter. Sparta 24 Ltd. raised its position in Grupo Supervielle by 39,572.6% during the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after acquiring an additional 999,999 shares in the last quarter. PointState Capital LP lifted its stake in Grupo Supervielle by 81.5% in the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after acquiring an additional 682,294 shares during the last quarter. Jump Financial LLC lifted its stake in Grupo Supervielle by 339.2% in the third quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock valued at $2,873,000 after acquiring an additional 448,330 shares during the last quarter. Finally, RWC Asset Management LLP grew its position in shares of Grupo Supervielle by 58.3% in the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after acquiring an additional 434,285 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.