Grupo Supervielle (NYSE:SUPV) Stock Price Up 10.5% – Should You Buy?

Grupo Supervielle S.A. (NYSE:SUPV) shares were up 10.5% during trading on Monday . The stock traded as high as $8.97 and last traded at $8.9650. Approximately 466,220 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 1,031,655 shares. The stock had previously closed at $8.11.

Analysts Set New Price Targets

SUPV has been the topic of several recent research reports. Itau BBA Securities assumed coverage on Grupo Supervielle in a report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price target on the stock. JPMorgan Chase & Co. lowered their target price on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Zacks Research downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Finally, Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Grupo Supervielle has a consensus rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Trading Up 6.2%

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s fifty day moving average is $10.19 and its two-hundred day moving average is $9.58. The firm has a market capitalization of $816.67 million, a PE ratio of -25.91 and a beta of 1.76.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Monday, March 2nd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Grupo Supervielle had a negative return on equity of 3.88% and a negative net margin of 2.18%.The business had revenue of $213.90 million for the quarter, compared to the consensus estimate of $197.66 million. On average, equities analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Institutional Trading of Grupo Supervielle

Several hedge funds have recently added to or reduced their stakes in the stock. Mak Capital One LLC grew its position in shares of Grupo Supervielle by 36.7% during the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after acquiring an additional 1,074,732 shares during the period. PointState Capital LP lifted its holdings in Grupo Supervielle by 81.5% during the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after purchasing an additional 682,294 shares in the last quarter. RWC Asset Management LLP boosted its stake in Grupo Supervielle by 58.3% in the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock worth $13,935,000 after purchasing an additional 434,285 shares during the period. Sparta 24 Ltd. grew its holdings in Grupo Supervielle by 39,572.6% during 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 in the last quarter. Finally, Millennium Management LLC grew its holdings in Grupo Supervielle by 7.0% during the 3rd quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock valued at $4,337,000 after buying 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.