Banco BTG Pactual S.A. Acquires Shares of 111,000 Grupo Supervielle S.A. $SUPV

Key Points

• Banco BTG Pactual S.A. acquired 111,000 shares of Grupo Supervielle S.A. for approximately $1.45 million, representing a 0.13% ownership stake in the company as of the latest quarter.
• Grupo Supervielle's stock recently dropped by 6.3%, with shares opening at $9.4150, significantly lower than its 1-year high of $19.75.
• Analysts have upgraded Grupo Supervielle from a "sell" to a "hold" rating, with a consensus price target of $17.00.

Banco BTG Pactual S.A. acquired a new position in shares of Grupo Supervielle S.A. (NYSE:SUPV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 111,000 shares of the company's stock, valued at approximately $1,450,000. Banco BTG Pactual S.A. owned 0.13% of Grupo Supervielle at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in Grupo Supervielle by 10.2% in the 1st 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. XTX Topco Ltd bought a new stake in Grupo Supervielle during the 4th quarter worth approximately $258,000. Cetera Investment Advisers bought a new stake in Grupo Supervielle in the first quarter valued at approximately $268,000. NewEdge Advisors LLC boosted its holdings in Grupo Supervielle by 4.9% in the fourth quarter. NewEdge Advisors LLC now owns 18,619 shares of the company's stock valued at $281,000 after acquiring an additional 867 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. bought a new stake in Grupo Supervielle in the fourth quarter valued at approximately $348,000.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Friday, May 30th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $17.00.

Grupo Supervielle Stock Performance

Shares of Grupo Supervielle stock traded down $0.7650 during trading hours on Monday, hitting $8.3150. 1,171,200 shares of the company's stock traded hands, compared to its average volume of 1,203,937. Grupo Supervielle S.A. has a 12-month low of $6.75 and a 12-month high of $19.75. The stock has a market capitalization of $736.16 million, a price-to-earnings ratio of 12.56, a PEG ratio of 11.52 and a beta of 1.65. The company has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $12.73. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.88 and a quick ratio of 0.88.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.08). Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.84%. The business had revenue of $210.52 million for the quarter, compared to analysts' expectations of $283.67 billion. Equities research analysts anticipate that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Grupo Supervielle Company 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.