Grupo Supervielle (NYSE:SUPV) Trading 10.2% Higher – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV) shares traded up 10.2% during trading on Wednesday . The company traded as high as $9.21 and last traded at $9.3040. 1,249,306 shares changed hands during trading, an increase of 35% from the average session volume of 923,477 shares. The stock had previously closed at $8.44.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Trading Up 3.8%

The business has a 50 day simple moving average of $8.79 and a 200-day simple moving average of $10.13. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $843.89 million, a price-to-earnings ratio of -16.38 and a beta of 1.55.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. Grupo Supervielle had a negative return on equity of 4.35% and a negative net margin of 3.46%.The business had revenue of $145.40 million during the quarter. On average, equities analysts predict that Grupo Supervielle S.A. will post 0.61 earnings per share for the current year.

Institutional Trading of Grupo Supervielle

A number of hedge funds have recently added to or reduced their stakes in the business. Mak Capital One LLC boosted its stake 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 buying an additional 1,074,732 shares during the last quarter. PointState Capital LP lifted its stake in shares of Grupo Supervielle by 81.5% in the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after purchasing an additional 682,294 shares in the last quarter. RWC Asset Management LLP lifted its stake in shares of Grupo Supervielle by 58.3% in the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after purchasing an additional 434,285 shares in the last quarter. Millennium Management LLC lifted its stake in shares of 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 purchasing an additional 57,040 shares in the last quarter. Finally, UBS Group AG lifted its stake 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 purchasing an additional 218,039 shares in the last quarter.

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.