Ping Capital Management Inc. Has $1.95 Million Holdings in Grupo Supervielle S.A. $SUPV

Ping Capital Management Inc. raised its holdings in Grupo Supervielle S.A. (NYSE:SUPV) by 52.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 184,300 shares of the company’s stock after acquiring an additional 63,300 shares during the quarter. Grupo Supervielle accounts for 0.5% of Ping Capital Management Inc.’s investment portfolio, making the stock its 20th biggest holding. Ping Capital Management Inc.’s holdings in Grupo Supervielle were worth $1,952,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in Grupo Supervielle by 10.2% in the first quarter. GAMMA Investing LLC now owns 7,958 shares of the company’s stock valued at $104,000 after buying an additional 737 shares during the period. Cetera Investment Advisers acquired a new position in Grupo Supervielle in the first quarter valued at approximately $268,000. Itau Unibanco Holding S.A. acquired a new position in Grupo Supervielle in the first quarter valued at approximately $357,000. XTX Topco Ltd increased its holdings in shares of Grupo Supervielle by 83.5% during the first quarter. XTX Topco Ltd now owns 31,304 shares of the company’s stock valued at $409,000 after acquiring an additional 14,243 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its holdings in shares of Grupo Supervielle by 11.1% during the first quarter. Insigneo Advisory Services LLC now owns 36,209 shares of the company’s stock valued at $473,000 after acquiring an additional 3,604 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded Grupo Supervielle from a “buy” rating to a “neutral” rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Grupo Supervielle Trading Up 6.1%

NYSE SUPV opened at $4.98 on Friday. The firm has a market capitalization of $440.44 million, a P/E ratio of 7.54, a PEG ratio of 9.49 and a beta of 1.56. The business has a fifty day simple moving average of $8.04 and a 200 day simple moving average of $11.24. Grupo Supervielle S.A. has a 12 month low of $4.54 and a 12 month high of $19.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). The company had revenue of $210.52 million during the quarter, compared to analysts’ expectations of $283.67 billion. Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%. On average, analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Grupo Supervielle Profile

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.