Grupo Supervielle S.A. (NYSE:SUPV) Given Consensus Recommendation of “Hold” by Analysts

Grupo Supervielle S.A. (NYSE:SUPV) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $13.00.

Several analysts have weighed in on SUPV shares. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Friday, April 17th. JPMorgan Chase & Co. decreased their price target on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Finally, Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th.

Grupo Supervielle Stock Down 4.6%

NYSE:SUPV opened at $7.81 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $683.50 million, a price-to-earnings ratio of -21.69 and a beta of 1.55. Grupo Supervielle has a one year low of $4.54 and a one year high of $16.90. The stock has a 50-day simple moving average of $8.91 and a 200 day simple moving average of $10.37.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $145.40 million during the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. Sell-side analysts predict that Grupo Supervielle will post 0.61 EPS for the current fiscal year.

Institutional Trading of Grupo Supervielle

Hedge funds have recently made changes to their positions in the stock. Millennium Management LLC boosted its position in Grupo Supervielle by 46.3% during the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock valued at $9,823,000 after purchasing an additional 238,064 shares during the period. Goldman Sachs Group Inc. increased its position in Grupo Supervielle by 38.8% in the first quarter. Goldman Sachs Group Inc. now owns 136,881 shares of the company’s stock worth $1,788,000 after buying an additional 38,247 shares during the period. Cetera Investment Advisers lifted its stake in Grupo Supervielle by 29.3% in the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares during the last quarter. Jump Financial LLC lifted its stake in Grupo Supervielle by 19.4% in the second quarter. Jump Financial LLC now owns 132,156 shares of the company’s stock valued at $1,400,000 after buying an additional 21,471 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Grupo Supervielle during the second quarter valued at $2,568,000.

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.