Grupo Supervielle (NYSE:SUPV) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

Grupo Supervielle (NYSE:SUPV) issued its quarterly earnings data on Monday. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05), Zacks reports. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.88%. The company had revenue of $213.90 million during the quarter, compared to the consensus estimate of $197.66 million.

Grupo Supervielle Stock Up 1.8%

SUPV stock traded up $0.15 during trading on Wednesday, hitting $8.70. 514,645 shares of the company’s stock traded hands, compared to its average volume of 1,091,382. 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 $761.69 million, a P/E ratio of -24.17, a PEG ratio of 12.73 and a beta of 1.76. The business has a fifty day simple moving average of $11.17 and a two-hundred day simple moving average of $9.56. Grupo Supervielle has a 1 year low of $4.54 and a 1 year high of $17.02.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently modified their holdings of SUPV. PointState Capital LP boosted its holdings in Grupo Supervielle by 81.5% during the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after buying an additional 682,294 shares in the last quarter. Jump Financial LLC boosted its stake in shares of Grupo Supervielle by 339.2% during the 3rd quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock worth $2,873,000 after acquiring an additional 448,330 shares in the last quarter. Verition Fund Management LLC grew its position in shares of Grupo Supervielle by 264.3% during the 3rd quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock valued at $2,637,000 after acquiring an additional 386,524 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Grupo Supervielle by 148.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 582,019 shares of the company’s stock valued at $6,879,000 after acquiring an additional 348,195 shares during the period. Finally, UBS Group AG increased its stake in shares of Grupo Supervielle by 151.2% in the 3rd quarter. UBS Group AG now owns 567,393 shares of the company’s stock valued at $2,809,000 after purchasing an additional 341,539 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SUPV shares. Wall Street Zen lowered Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Monday, February 23rd. UBS Group initiated coverage on Grupo Supervielle in a research note on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price objective on the stock. JPMorgan Chase & Co. cut 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. Zacks Research downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Two 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.00.

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.