Y Intercept Hong Kong Ltd Raises Stock Position in Grupo Supervielle S.A. $SUPV

Y Intercept Hong Kong Ltd raised its stake in shares of Grupo Supervielle S.A. (NYSE:SUPV) by 146.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,291 shares of the company’s stock after acquiring an additional 56,089 shares during the period. Y Intercept Hong Kong Ltd owned approximately 0.11% of Grupo Supervielle worth $467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sparta 24 Ltd. raised its stake in Grupo Supervielle by 39,572.6% during the 3rd quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after acquiring an additional 999,999 shares in the last quarter. Millennium Management LLC boosted its stake in Grupo Supervielle by 46.3% during the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company’s stock worth $9,823,000 after purchasing an additional 238,064 shares during the period. Brevan Howard Capital Management LP grew its position in Grupo Supervielle by 15.8% during the 2nd quarter. Brevan Howard Capital Management LP now owns 473,615 shares of the company’s stock worth $5,304,000 after purchasing an additional 64,615 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Grupo Supervielle by 196.6% in the second quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company’s stock valued at $3,874,000 after purchasing an additional 242,440 shares during the period. Finally, Kiker Wealth Management LLC boosted its stake in shares of Grupo Supervielle by 148.9% during the third quarter. Kiker Wealth Management LLC now owns 316,161 shares of the company’s stock worth $1,565,000 after buying an additional 189,156 shares during the period.

Grupo Supervielle Trading Down 3.7%

Shares of NYSE SUPV opened at $11.22 on Thursday. 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 stock has a market capitalization of $982.31 million, a P/E ratio of 93.51, a PEG ratio of 9.17 and a beta of 1.71. The stock’s 50 day moving average price is $11.47 and its two-hundred day moving average price is $9.57. Grupo Supervielle S.A. has a 52-week low of $4.54 and a 52-week high of $17.02.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. The business had revenue of $178.38 million during the quarter, compared to analyst estimates of $252.85 billion. On average, analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

SUPV has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $5.00 to $12.00 in a research report on Tuesday, October 28th. Citigroup raised Grupo Supervielle from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. Finally, Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.33.

Grupo Supervielle 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.