Grupo Supervielle (NYSE:SUPV) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Grupo Supervielle (NYSE:SUPV) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other research firms have also recently weighed in on SUPV. UBS Group assumed coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price target for the company. JPMorgan Chase & Co. raised Grupo Supervielle from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $5.00 to $12.00 in a research note on Tuesday, October 28th. Weiss Ratings cut Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Citigroup raised shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $13.33.

Grupo Supervielle Price Performance

NYSE:SUPV traded down $0.04 during trading hours on Monday, reaching $12.16. 939,458 shares of the company were exchanged, compared to its average volume of 1,095,796. The firm has a market cap of $1.06 billion, a PE ratio of 100.43, a price-to-earnings-growth ratio of 9.14 and a beta of 1.76. The stock’s 50-day moving average is $11.27 and its 200-day moving average is $9.48. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. Grupo Supervielle has a twelve month low of $4.54 and a twelve month high of $17.41.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.46). Grupo Supervielle had a return on equity of 1.15% and a net margin of 0.69%.The business had revenue of $178.38 million for the quarter, compared to analyst estimates of $252.85 billion. On average, sell-side analysts anticipate that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Several large investors have recently bought and sold shares of the business. Paradiem LLC lifted its holdings in Grupo Supervielle by 13.8% during the 4th quarter. Paradiem LLC now owns 83,589 shares of the company’s stock worth $988,000 after buying an additional 10,155 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Grupo Supervielle by 264.3% during the third quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock worth $2,637,000 after buying an additional 386,524 shares during the period. Mak Capital One LLC grew its holdings in shares of Grupo Supervielle by 36.7% during the third quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock worth $19,800,000 after buying an additional 1,074,732 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Grupo Supervielle by 7.0% during the third quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock worth $4,337,000 after buying an additional 57,040 shares during the last quarter. Finally, Centiva Capital LP acquired a new position in Grupo Supervielle in the 3rd quarter valued at about $101,000.

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.