Grupo Supervielle (NYSE:SUPV) Trading Up 10.2% – Here’s What Happened

Shares of Grupo Supervielle S.A. (NYSE:SUPV) traded up 10.2% during trading on Wednesday . The company traded as high as $9.21 and last traded at $9.3040. 1,249,306 shares were traded during mid-day trading, an increase of 35% from the average session volume of 923,477 shares. The stock had previously closed at $8.44.

Wall Street Analysts Forecast Growth

SUPV has been the subject of a number of research analyst reports. Zacks Research raised shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. dropped their price objective on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Trading Up 9.5%

The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.17. The firm has a market cap of $809.31 million, a price-to-earnings ratio of -25.68 and a beta of 1.55. The company has a fifty day moving average price of $8.74 and a 200-day moving average price of $10.16.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share for the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. The company had revenue of $145.40 million for the quarter. As a group, research analysts expect that Grupo Supervielle S.A. will post 0.61 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors have recently made changes to their positions in the company. Mak Capital One LLC lifted its stake in shares of Grupo Supervielle by 36.7% in the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after purchasing an additional 1,074,732 shares during the period. PointState Capital LP increased its holdings in Grupo Supervielle by 81.5% in the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after buying an additional 682,294 shares in the last quarter. RWC Asset Management LLP raised its position in shares of Grupo Supervielle by 58.3% in the fourth quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock worth $13,935,000 after acquiring an additional 434,285 shares during the period. Millennium Management LLC raised its position in shares of Grupo Supervielle by 7.0% in the third quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock worth $4,337,000 after acquiring an additional 57,040 shares during the period. Finally, UBS Group AG boosted its stake in shares of Grupo Supervielle by 38.4% during the 4th quarter. UBS Group AG now owns 785,432 shares of the company’s stock worth $9,284,000 after acquiring an additional 218,039 shares in 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.