Grupo Supervielle (NYSE:SUPV) Upgraded to Hold at Wall Street Zen

Grupo Supervielle (NYSE:SUPV) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday.

Several other research analysts also recently issued reports on the company. UBS Group initiated coverage on Grupo Supervielle in a research note on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 price objective for the company. JPMorgan Chase & Co. cut their target price on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Weiss Ratings lowered shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Itau BBA Securities began coverage on shares of Grupo Supervielle in a research report on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price target for the company. Finally, Zacks Research downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 24th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.00.

Grupo Supervielle Trading Down 6.6%

Shares of SUPV stock opened at $8.20 on Friday. Grupo Supervielle has a twelve month low of $4.54 and a twelve month high of $17.02. The stock’s fifty day simple moving average is $10.66 and its 200 day simple moving average is $9.54. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $717.91 million, a P/E ratio of -22.78 and a beta of 1.76.

Grupo Supervielle (NYSE:SUPV) last posted its earnings results on Monday, March 2nd. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.88%. The firm had revenue of $213.90 million during the quarter, compared to the consensus estimate of $197.66 million. As a group, sell-side analysts predict that Grupo Supervielle will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN bought a new stake in Grupo Supervielle in the fourth quarter valued at approximately $55,000. LJI Wealth Management LLC bought a new position in Grupo Supervielle during the 3rd quarter worth approximately $57,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Grupo Supervielle in the 3rd quarter worth approximately $91,000. Centiva Capital LP acquired a new position in shares of Grupo Supervielle in the 3rd quarter worth approximately $101,000. Finally, Van ECK Associates Corp boosted its stake in shares of Grupo Supervielle by 101.5% in the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after purchasing an additional 4,666 shares during 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.