Grupo Supervielle (NYSE:SUPV) Rating Lowered to “Strong Sell” at Zacks Research

Grupo Supervielle (NYSE:SUPV) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the company. Itau BBA Securities initiated coverage on Grupo Supervielle in a research note on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price target on the stock. UBS Group initiated coverage on Grupo Supervielle in a research note on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price on the stock. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $5.00 to $12.00 in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grupo Supervielle in a research report on Monday. Finally, Wall Street Zen lowered 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, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.33.

Grupo Supervielle Stock Performance

Grupo Supervielle stock opened at $11.96 on Tuesday. The company has a market cap of $1.05 billion, a PE ratio of 99.63, a PEG ratio of 44.64 and a beta of 1.76. 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 1 year low of $4.54 and a 1 year high of $19.75. The company’s 50-day moving average is $10.56 and its two-hundred day moving average is $9.40.

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 analysts’ consensus estimates 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 the consensus estimate of $252.85 billion. Equities analysts anticipate that Grupo Supervielle will post 1.5 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Several large investors have recently made changes to their positions in the stock. Mak Capital One LLC increased its holdings in Grupo Supervielle by 36.7% during the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock worth $19,800,000 after purchasing an additional 1,074,732 shares in the last quarter. PointState Capital LP boosted its position in shares of Grupo Supervielle by 30.1% during the first quarter. PointState Capital LP now owns 2,467,243 shares of the company’s stock worth $32,222,000 after buying an additional 570,523 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Grupo Supervielle by 16.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,634,873 shares of the company’s stock worth $21,351,000 after buying an additional 225,486 shares in the last quarter. Sparta 24 Ltd. raised its position in Grupo Supervielle by 39,572.6% in the 3rd quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock valued at $4,963,000 after buying an additional 999,999 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Grupo Supervielle by 7.0% in the 3rd quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock valued at $4,337,000 after acquiring an additional 57,040 shares in the last quarter.

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.