Shares of Grupo Supervielle S.A. (NYSE:SUPV – Get Free Report) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $8.42 and traded as low as $6.72. Grupo Supervielle shares last traded at $6.8410, with a volume of 1,204,670 shares trading hands.
Analyst Ratings Changes
Several brokerages recently weighed in on SUPV. Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. JPMorgan Chase & Co. raised their price objective on shares of Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Finally, UBS Group cut their target price on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.17.
Check Out Our Latest Report on SUPV
Grupo Supervielle Trading Up 1.2%
Grupo Supervielle (NYSE:SUPV – Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The company reported $0.10 EPS for the quarter. The company had revenue of $233.55 million for the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%. Sell-side analysts anticipate that Grupo Supervielle S.A. will post 0.44 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Grupo Supervielle
A number of large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP grew its position in shares of Grupo Supervielle by 96.4% in the second quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock valued at $892,000 after purchasing an additional 45,325 shares during the period. Bank of America Corp DE raised its position in shares of Grupo Supervielle by 285.5% during the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock worth $183,000 after purchasing an additional 14,365 shares during the last quarter. Titan Global Capital Management USA LLC lifted its stake in Grupo Supervielle by 5.7% in the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after buying an additional 5,245 shares in the last quarter. Deltec Asset Management LLC purchased a new position in Grupo Supervielle in the 1st quarter valued at about $438,000. Finally, RWC Asset Management LLP boosted its holdings in Grupo Supervielle by 58.3% in the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock worth $13,935,000 after buying an additional 434,285 shares during the last quarter.
Grupo Supervielle Company Profile
Grupo Supervielle SA is an Argentine financial services holding company whose principal business is conducted through Banco Supervielle SA The group provides banking and related financial services to individuals, small and medium-sized businesses, corporate customers and retirees throughout Argentina.
Banco Supervielle offers deposit accounts, personal and commercial loans, mortgage and secured lending, credit and debit cards, payment services, electronic and mobile banking, and investment products.
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