Grupo Supervielle (NYSE:SUPV) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a strong sell rating in a research report released on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Itau BBA Securities assumed coverage on shares of Grupo Supervielle in a report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price objective on the stock. Citigroup upgraded Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Wall Street Zen downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research note on Monday. Bank of America reissued a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Grupo Supervielle currently has an average rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Stock Down 5.5%

SUPV opened at $9.89 on Tuesday. The firm has a market cap of $865.87 million, a P/E ratio of 82.42, a price-to-earnings-growth ratio of 14.85 and a beta of 1.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day moving average price of $11.36 and a 200 day moving average price of $9.61. Grupo Supervielle has a twelve month low of $4.54 and a twelve month high of $17.02.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). The firm had revenue of $178.38 million during the quarter, compared to the consensus estimate of $252.85 billion. Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. Research analysts forecast that Grupo Supervielle will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

A number of large investors have recently modified their holdings of SUPV. Wells Fargo & Company MN bought a new stake in shares of Grupo Supervielle during the fourth quarter valued at approximately $55,000. LJI Wealth Management LLC acquired a new stake in shares of Grupo Supervielle during the 3rd quarter worth approximately $57,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Grupo Supervielle during the 3rd quarter valued at $91,000. Centiva Capital LP acquired a new position in shares of Grupo Supervielle in the 3rd quarter valued at $101,000. Finally, Van ECK Associates Corp lifted 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 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.