Arrowstreet Capital Limited Partnership Sells 436,182 Shares of Grupo Supervielle S.A. $SUPV

Arrowstreet Capital Limited Partnership cut its stake in Grupo Supervielle S.A. (NYSE:SUPV) by 30.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 980,246 shares of the company’s stock after selling 436,182 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Grupo Supervielle were worth $10,381,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Freedom Investment Management Inc. increased its position in shares of Grupo Supervielle by 4.4% in the first quarter. Freedom Investment Management Inc. now owns 44,386 shares of the company’s stock worth $580,000 after purchasing an additional 1,862 shares during the period. Sparta 24 Ltd. acquired a new stake in Grupo Supervielle during the second quarter worth about $27,000. Titan Global Capital Management USA LLC grew its stake in Grupo Supervielle by 5.3% during the second quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock worth $572,000 after buying an additional 2,711 shares in the last quarter. Cetera Investment Advisers increased its holdings in Grupo Supervielle by 29.3% in the 2nd 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 period. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Grupo Supervielle by 197.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company’s stock valued at $405,000 after buying an additional 25,340 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Citigroup upgraded shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Bank of America reaffirmed a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $5.00 to $12.00 in a research report on Tuesday, October 28th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Grupo Supervielle in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Grupo Supervielle currently has a consensus rating of “Hold” and a consensus price target of $14.67.

Grupo Supervielle Stock Performance

Shares of SUPV stock opened at $10.49 on Wednesday. The firm has a market capitalization of $918.22 million, a price-to-earnings ratio of 87.41, a PEG ratio of 38.94 and a beta of 1.76. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The business’s 50-day moving average price is $9.25 and its 200-day moving average price is $9.51. Grupo Supervielle S.A. has a 12 month low of $4.54 and a 12 month high of $19.75.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings data on Tuesday, November 25th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.46). The firm had revenue of $178.38 million during the quarter, compared to analyst estimates of $252.85 billion. Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. Equities research analysts forecast that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Grupo Supervielle Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.