Grupo Supervielle (NYSE:SUPV) Upgraded 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 released on Saturday morning.

A number of other analysts have also weighed in on SUPV. JPMorgan Chase & Co. raised shares of Grupo Supervielle from an “underweight” rating to a “neutral” rating and raised their price target for the company from $5.00 to $12.00 in a report on Tuesday, October 28th. Itau BBA Securities started coverage on shares of Grupo Supervielle in a research report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price objective on the stock. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. Citigroup raised shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Finally, UBS Group assumed coverage on Grupo Supervielle in a research report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $13.33.

Grupo Supervielle Trading Up 1.4%

Shares of NYSE SUPV opened at $10.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $18.14. The company has a market cap of $937.71 million, a price-to-earnings ratio of 89.27, a P/E/G ratio of 8.43 and a beta of 1.76. The business has a fifty day simple moving average of $11.27 and a 200-day simple moving average of $9.45.

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

Hedge Funds Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently modified their holdings of the business. Paradiem LLC raised its position in Grupo Supervielle by 13.8% in the 4th quarter. Paradiem LLC now owns 83,589 shares of the company’s stock valued at $988,000 after buying an additional 10,155 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Grupo Supervielle by 264.3% in the third quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock worth $2,637,000 after purchasing an additional 386,524 shares during the last quarter. Mak Capital One LLC raised its holdings in Grupo Supervielle by 36.7% in 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. Millennium Management LLC boosted its position 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 valued at $4,337,000 after purchasing an additional 57,040 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in shares of Grupo Supervielle during the 3rd quarter valued at $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.