Grupo Supervielle (NYSE:SUPV) Stock Falls 12.5% – Should You Sell?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) dropped 12.5% during mid-day trading on Monday. The company traded as low as $6.80 and last traded at $6.7740. Approximately 92,927 shares changed hands during trading, a decline of 88% from the average daily volume of 760,532 shares. The stock had previously closed at $7.74.

Analyst Upgrades and Downgrades

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

Grupo Supervielle Trading Down 0.4%

The business has a fifty day moving average of $7.80 and a 200 day moving average of $9.17.

Grupo Supervielle (NYSE:SUPV) last released 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. On average, analysts forecast that Grupo Supervielle S.A. will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Titan Global Capital Management USA LLC increased its position in shares of Grupo Supervielle by 5.7% in the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock worth $912,000 after purchasing an additional 5,245 shares during the period. Engineers Gate Manager LP increased its holdings in Grupo Supervielle by 96.4% in the 2nd quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock worth $892,000 after purchasing an additional 45,325 shares in the last quarter. Deltec Asset Management LLC bought a new position in Grupo Supervielle in the 1st quarter valued at approximately $438,000. Finally, Bank of America Corp DE lifted its holdings in shares of Grupo Supervielle by 285.5% during the first 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 period.

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.