Grupo Supervielle (NYSE:SUPV) Trading Down 4.7% – Should You Sell?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price fell 4.7% during trading on Thursday . The stock traded as low as $8.48 and last traded at $8.3850. 141,129 shares changed hands during trading, a decline of 83% from the average daily volume of 822,848 shares. The stock had previously closed at $8.80.

Analysts Set New Price Targets

SUPV has been the subject of a number of research reports. UBS Group decreased their price target on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lifted their target price on Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Grupo Supervielle presently has an average rating of “Hold” and an average price target of $13.17.

Grupo Supervielle Price Performance

The company has a market cap of $738.92 million, a price-to-earnings ratio of -13.38 and a beta of 1.60. The company has a current ratio of 0.92, a quick ratio of 1.00 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $9.30 and a 200 day moving average price of $9.30.

Grupo Supervielle (NYSE:SUPV) last issued its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $233.55 million for the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%. As a group, research analysts expect that Grupo Supervielle S.A. will post 0.53 earnings per share for the current fiscal year.

Institutional Trading of Grupo Supervielle

Institutional investors and hedge funds have recently bought and sold shares of the stock. PointState Capital LP lifted its stake in Grupo Supervielle by 81.5% during the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after buying an additional 682,294 shares in the last quarter. RWC Asset Management LLP raised its holdings in shares of Grupo Supervielle by 58.3% during the fourth quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after acquiring an additional 434,285 shares during the period. Millennium Management LLC raised its holdings 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 acquiring an additional 57,040 shares during the period. UBS Group AG lifted its position in shares of Grupo Supervielle by 38.4% in the 4th quarter. UBS Group AG now owns 785,432 shares of the company’s stock valued at $9,284,000 after acquiring an additional 218,039 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Grupo Supervielle by 148.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 582,019 shares of the company’s stock valued at $6,879,000 after acquiring an additional 348,195 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.