Grupo Supervielle (NYSE:SUPV) Downgraded to Strong Sell Rating by Wall Street Zen

Grupo Supervielle (NYSE:SUPV) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Monday.

Several other research firms have also recently issued reports on SUPV. Bank of America reaffirmed a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Weiss Ratings cut Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Citigroup raised Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Itau BBA Securities started coverage on Grupo Supervielle in a report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 target price for the company. Finally, UBS Group started coverage on Grupo Supervielle in a research note on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Grupo Supervielle has a consensus rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Price Performance

Shares of NYSE SUPV opened at $11.03 on Monday. Grupo Supervielle has a twelve month low of $4.54 and a twelve month high of $17.02. 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 firm has a 50-day moving average of $11.45 and a two-hundred day moving average of $9.61. The company has a market capitalization of $965.24 million, a price-to-earnings ratio of 91.88, a PEG ratio of 12.38 and a beta of 1.71.

Grupo Supervielle (NYSE:SUPV) last announced 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). Grupo Supervielle had a return on equity of 1.15% and a net margin of 0.69%.The business had revenue of $178.38 million during the quarter, compared to analyst estimates of $252.85 billion. As a group, analysts expect that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SUPV. Titan Global Capital Management USA LLC lifted its stake in Grupo Supervielle by 5.3% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock worth $572,000 after acquiring an additional 2,711 shares in the last quarter. Wells Fargo & Company MN acquired a new position in shares of Grupo Supervielle in the 4th quarter valued at about $55,000. Van ECK Associates Corp lifted its position in shares of Grupo Supervielle by 101.5% in the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after purchasing an additional 4,666 shares in the last quarter. Insigneo Advisory Services LLC lifted its position in shares of Grupo Supervielle by 5.6% in the third quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock worth $502,000 after purchasing an additional 5,361 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Grupo Supervielle by 29.3% during the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after purchasing an additional 6,000 shares during the period.

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.