Grupo Supervielle S.A. (NYSE:SUPV) Receives Average Rating of “Hold” from Analysts

Shares of Grupo Supervielle S.A. (NYSE:SUPV) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.00.

A number of research analysts have recently commented on SUPV shares. Zacks Research raised shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Wall Street Zen raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. cut their price objective on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a research report on Friday, April 17th.

Grupo Supervielle Price Performance

SUPV stock opened at $7.81 on Wednesday. The firm has a market cap of $683.50 million, a P/E ratio of -21.69 and a beta of 1.55. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. Grupo Supervielle has a 1 year low of $4.54 and a 1 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 released its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share for the quarter. Grupo Supervielle had a negative return on equity of 3.99% and a negative net margin of 2.18%.The company had revenue of $145.40 million during the quarter. On average, equities analysts predict that Grupo Supervielle will post 0.61 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC raised its position in shares of Grupo Supervielle by 46.3% in 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 last quarter. Cetera Investment Advisers raised its holdings 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 acquiring an additional 6,000 shares in the last quarter. Jump Financial LLC raised its holdings 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 acquiring an additional 21,471 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new position in Grupo Supervielle during the 2nd quarter valued at $2,568,000.

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.