Grupo Supervielle (NYSE:SUPV) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Grupo Supervielle (NYSE:SUPV) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other research analysts have also commented on SUPV. JPMorgan Chase & Co. lowered their price target on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research report on Friday, April 17th. Finally, Zacks Research lowered Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Grupo Supervielle presently has a consensus rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Trading Down 4.2%

SUPV opened at $7.89 on Friday. The business has a 50 day simple moving average of $9.16 and a two-hundred day simple moving average of $10.25. The firm has a market capitalization of $690.42 million, a price-to-earnings ratio of -21.90 and a beta of 1.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. Grupo Supervielle has a one year low of $4.54 and a one year high of $16.90.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. The business had revenue of $145.40 million for the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. Analysts predict that Grupo Supervielle will post 0.6 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN purchased a new position in shares of Grupo Supervielle during the 4th quarter worth approximately $55,000. Van ECK Associates Corp grew its holdings in shares of Grupo Supervielle by 101.5% during the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after acquiring an additional 4,666 shares during the period. Insigneo Advisory Services LLC grew its holdings in shares of Grupo Supervielle by 5.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock worth $502,000 after acquiring an additional 5,361 shares during the period. Cetera Investment Advisers grew its holdings in shares of Grupo Supervielle by 29.3% during the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after acquiring an additional 6,000 shares during the period. Finally, Paradiem LLC grew its holdings in shares of 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 acquiring an additional 10,155 shares during the period.

About Grupo Supervielle

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.