Grupo Supervielle (NYSE:SUPV) Trading Down 6.1% – Time to Sell?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price was down 6.1% on Friday . The stock traded as low as $7.76 and last traded at $7.7250. Approximately 322,256 shares were traded during trading, a decline of 65% from the average daily volume of 933,016 shares. The stock had previously closed at $8.23.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SUPV shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a report on Friday, April 17th. Wall Street Zen downgraded shares of Grupo Supervielle from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. JPMorgan Chase & Co. lowered their price target 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. Finally, Zacks Research downgraded shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Price Performance

The firm’s fifty day moving average price is $9.16 and its 200 day moving average price is $10.23. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a market cap of $687.18 million, a PE ratio of -21.77 and a beta of 1.78.

Grupo Supervielle (NYSE:SUPV) last released its earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. Grupo Supervielle had a negative return on equity of 3.99% and a negative net margin of 2.18%.The company had revenue of $145.40 million during the quarter. As a group, equities analysts expect that Grupo Supervielle S.A. will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds have recently modified their holdings of SUPV. Mak Capital One LLC increased its position 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 worth $19,800,000 after purchasing an additional 1,074,732 shares during the last quarter. PointState Capital LP increased its position in Grupo Supervielle by 81.5% in the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock worth $17,955,000 after purchasing an additional 682,294 shares during the last quarter. RWC Asset Management LLP increased its position in 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 purchasing an additional 434,285 shares during the last quarter. Sparta 24 Ltd. increased its position in Grupo Supervielle by 39,572.6% in the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after purchasing an additional 999,999 shares during the last quarter. Finally, Millennium Management LLC increased its position in 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 purchasing an additional 57,040 shares during 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.