Ping Capital Management Inc. Grows Position in Grupo Supervielle S.A. $SUPV

Ping Capital Management Inc. boosted its holdings in shares of Grupo Supervielle S.A. (NYSE:SUPV) by 86.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 344,500 shares of the company’s stock after acquiring an additional 160,200 shares during the period. Grupo Supervielle accounts for approximately 0.6% of Ping Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest position. Ping Capital Management Inc.’s holdings in Grupo Supervielle were worth $1,705,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sparta 24 Ltd. acquired a new position in Grupo Supervielle during the second quarter worth $27,000. LJI Wealth Management LLC acquired a new position in shares of Grupo Supervielle during the 3rd quarter valued at about $57,000. Cetera Investment Advisers boosted its position in shares of Grupo Supervielle by 29.3% during the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after acquiring an additional 6,000 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Grupo Supervielle by 197.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company’s stock valued at $405,000 after purchasing an additional 25,340 shares during the period. Finally, Squarepoint Ops LLC increased its position in Grupo Supervielle by 243.7% during the second quarter. Squarepoint Ops LLC now owns 48,977 shares of the company’s stock worth $519,000 after purchasing an additional 34,726 shares during the last quarter.

Grupo Supervielle Stock Up 1.2%

Shares of NYSE SUPV opened at $11.42 on Friday. 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 business’s 50 day moving average is $11.23 and its two-hundred day moving average is $9.46. Grupo Supervielle S.A. has a 52-week low of $4.54 and a 52-week high of $17.58. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 95.20, a PEG ratio of 8.99 and a beta of 1.76.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) 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 firm had revenue of $178.38 million for the quarter, compared to analysts’ expectations of $252.85 billion. Research analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Wall Street Analysts Forecast Growth

SUPV has been the topic of several recent analyst reports. UBS Group started coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 target price on the stock. Citigroup upgraded Grupo Supervielle from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $5.00 to $12.00 in a research report on Tuesday, October 28th. Zacks Research downgraded Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 23rd. Finally, Wall Street Zen raised Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given 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 $13.33.

Grupo Supervielle 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.