Grupo Supervielle (NYSE:SUPV) Stock Price Down 8% – Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV) shares dropped 8% during trading on Monday . The company traded as low as $10.53 and last traded at $10.47. 557,682 shares changed hands during trading, a decline of 40% from the average session volume of 924,825 shares. The stock had previously closed at $11.38.

Analyst Ratings Changes

Several equities research analysts have weighed in on SUPV shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research raised shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Stock Down 1.0%

The stock has a market capitalization of $877.34 million, a P/E ratio of -17.14 and a beta of 1.57. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a fifty day moving average price of $9.25 and a 200 day moving average price of $10.05.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. The company had revenue of $145.40 million during the quarter. Grupo Supervielle had a negative return on equity of 4.40% and a negative net margin of 3.46%. On average, research analysts forecast that Grupo Supervielle S.A. will post 0.61 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

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

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.