Grupo Supervielle (NYSE:SUPV) Trading 4.3% Higher – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPVGet Free Report) rose 4.3% during trading on Monday . The company traded as high as $8.70 and last traded at $8.6650. 306,130 shares were traded during trading, a decline of 63% from the average session volume of 821,544 shares. The stock had previously closed at $8.31.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SUPV shares. UBS Group reduced their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, July 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their target price on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Finally, Zacks Research raised shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.17.

Read Our Latest Stock Report on Grupo Supervielle

Grupo Supervielle Price Performance

The business has a fifty day moving average of $9.12 and a 200-day moving average of $9.22. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm has a market cap of $769.56 million, a PE ratio of -13.95 and a beta of 1.55.

Grupo Supervielle (NYSE:SUPVGet Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%.The business had revenue of $233.55 million during the quarter. As a group, research analysts predict that Grupo Supervielle S.A. will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds have recently bought and sold shares of the company. UBS Group AG boosted its holdings in Grupo Supervielle by 38.4% in the 4th quarter. UBS Group AG now owns 785,432 shares of the company’s stock valued at $9,284,000 after purchasing an additional 218,039 shares during the period. Eurizon Capital SGR S.p.A. bought a new position in shares of Grupo Supervielle in the fourth quarter worth $1,243,000. RWC Asset Management LLP increased its holdings in shares of Grupo Supervielle by 58.3% in the fourth quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock worth $13,935,000 after purchasing an additional 434,285 shares during the period. Titan Global Capital Management USA LLC raised its position in shares of Grupo Supervielle by 75.9% in the fourth quarter. Titan Global Capital Management USA LLC now owns 91,523 shares of the company’s stock worth $1,082,000 after buying an additional 39,505 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Grupo Supervielle in the fourth quarter worth $211,000.

Grupo Supervielle Company Profile

(Get Free Report)

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.

Further Reading

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