Grupo Supervielle (NYSE:SUPV) Trading Up 8.9% – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV)’s share price rose 8.9% during trading on Thursday . The stock traded as high as $12.04 and last traded at $11.97. Approximately 812,714 shares traded hands during trading, a decline of 50% from the average daily volume of 1,636,264 shares. The stock had previously closed at $10.99.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SUPV. UBS Group started coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price objective for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grupo Supervielle in a report on Monday. Citigroup raised Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Finally, Wall Street Zen cut shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.33.

Grupo Supervielle Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day moving average price of $9.98 and a 200-day moving average price of $9.41. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 100.34, a P/E/G ratio of 40.63 and a beta of 1.76.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.46). The company had revenue of $178.38 million during the quarter, compared to the consensus estimate of $252.85 billion. Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. Research analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Institutional Trading of Grupo Supervielle

Large investors have recently added to or reduced their stakes in the stock. Sparta 24 Ltd. bought a new stake in shares of Grupo Supervielle in the 2nd quarter worth approximately $27,000. LJI Wealth Management LLC bought a new stake in shares of Grupo Supervielle during the third quarter valued at about $57,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Grupo Supervielle in the third quarter valued at approximately $91,000. Centiva Capital LP purchased a new stake in Grupo Supervielle in the 3rd quarter worth approximately $101,000. Finally, Quantbot Technologies LP bought a new position in Grupo Supervielle in the 3rd quarter valued at $164,000.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.