Grupo Supervielle (NYSE:SUPV) Upgraded at Zacks Research

Zacks Research upgraded shares of Grupo Supervielle (NYSE:SUPV) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

Other analysts also recently issued reports about the stock. Citigroup raised shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. Itau BBA Securities started coverage on shares of Grupo Supervielle in a research report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 target price for the company. Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Weiss Ratings lowered Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $13.33.

Grupo Supervielle Stock Performance

Shares of NYSE SUPV opened at $12.27 on Monday. The business’s 50-day simple moving average is $11.30 and its 200-day simple moving average is $9.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. Grupo Supervielle has a 52 week low of $4.54 and a 52 week high of $17.41. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 102.28, a P/E/G ratio of 9.60 and a beta of 1.76.

Grupo Supervielle (NYSE:SUPV) last posted its earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share 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 company had revenue of $178.38 million during the quarter, compared to analyst estimates of $252.85 billion. As a group, equities research analysts expect that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

Hedge funds have recently made changes to their positions in the stock. Ping Capital Management Inc. increased its position in shares of Grupo Supervielle by 86.9% during the third quarter. Ping Capital Management Inc. now owns 344,500 shares of the company’s stock valued at $1,705,000 after purchasing an additional 160,200 shares during the period. Kiker Wealth Management LLC increased its holdings in Grupo Supervielle by 148.9% in the 3rd quarter. Kiker Wealth Management LLC now owns 316,161 shares of the company’s stock valued at $1,565,000 after buying an additional 189,156 shares during the period. Y Intercept Hong Kong Ltd raised its stake 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. GAM Holding AG bought a new position in shares of Grupo Supervielle during the 3rd quarter worth about $248,000. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Grupo Supervielle by 165.1% during the 2nd quarter. Insigneo Advisory Services LLC now owns 96,002 shares of the company’s stock worth $1,017,000 after acquiring an additional 59,793 shares during the period.

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.