Grupo Supervielle S.A. (NYSE:SUPV) Given Average Rating of “Hold” by Brokerages

Grupo Supervielle S.A. (NYSE:SUPV) has received a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.6667.

A number of research firms recently weighed in on SUPV. Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on shares of Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Wall Street Zen raised shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th.

Grupo Supervielle Trading Down 4.0%

NYSE:SUPV opened at $9.27 on Thursday. The firm has a market cap of $811.85 million, a P/E ratio of -15.72 and a beta of 1.58. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $9.22 and its 200-day simple moving average is $9.99. Grupo Supervielle has a 12-month low of $4.54 and a 12-month high of $13.55.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in shares of Grupo Supervielle by 285.5% during the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock worth $183,000 after buying an additional 14,365 shares in the last quarter. Titan Global Capital Management USA LLC boosted its stake in shares of Grupo Supervielle by 5.7% in the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after buying an additional 5,245 shares in the last quarter. Deltec Asset Management LLC acquired a new position in Grupo Supervielle during the first quarter worth $438,000. PointState Capital LP grew its holdings in Grupo Supervielle by 81.5% during the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after acquiring an additional 682,294 shares during the period. Finally, State of Wisconsin Investment Board purchased a new position in Grupo Supervielle in the fourth quarter worth $1,192,000.

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.