Grupo Supervielle (NYSE:SUPV) Sets New 12-Month Low – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) shares hit a new 52-week low on Wednesday. The company traded as low as $6.55 and last traded at $6.7110, with a volume of 589,882 shares changing hands. The stock had previously closed at $6.97.

Analyst Ratings Changes

Several equities analysts have issued reports on SUPV shares. UBS Group dropped their target price on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a report on Tuesday, October 13th. Finally, Zacks Research upgraded Grupo Supervielle from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Grupo Supervielle presently has a consensus rating of “Hold” and an average price target of $13.17.

Grupo Supervielle Price Performance

The company has a 50 day moving average price of $7.80 and a 200 day moving average price of $9.17. The firm has a market cap of $582.30 million, a PE ratio of -10.56 and a beta of 1.54. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. The firm had revenue of $233.55 million during the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%. On average, sell-side analysts expect that Grupo Supervielle S.A. will post 0.44 EPS for the current year.

Institutional Trading of Grupo Supervielle

A number of large investors have recently made changes to their positions in the stock. Titan Global Capital Management USA LLC boosted its stake in shares of Grupo Supervielle by 5.7% during the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after acquiring an additional 5,245 shares during the last quarter. Bank of America Corp DE boosted its stake 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. Engineers Gate Manager LP grew its holdings in shares of Grupo Supervielle by 96.4% during the second quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock worth $892,000 after buying an additional 45,325 shares in the last quarter. Finally, Deltec Asset Management LLC purchased a new stake in shares of Grupo Supervielle during the first quarter worth about $438,000.

About Grupo Supervielle

Grupo Supervielle SA is an Argentine financial services holding company whose principal subsidiary is Banco Supervielle SA The group provides banking and related financial products to individuals, small and medium-sized businesses, corporations, and other institutional customers, primarily in Argentina.

Through its businesses, Grupo Supervielle offers savings and checking accounts, deposits, consumer and commercial lending, mortgages, credit and debit cards, electronic banking, payment services, and treasury products.