Caxton Associates LLP Takes Position in Grupo Supervielle S.A. $SUPV

Key Points

• Caxton Associates LLP made a new investment in Grupo Supervielle S.A. by purchasing 137,991 shares worth approximately $1.8 million during the first quarter.
• Grupo Supervielle's stock recently opened at $6.07, having a market cap of $537.11 million, and reported a quarterly earnings miss with earnings per share of $0.14 against an estimate of $0.22.
• Analysts have upgraded the stock from a "sell" to a "hold" rating, with an average price target of $17.00, indicating a potential for growth despite current performance challenges.

Caxton Associates LLP 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 137,991 shares of the company's stock, valued at approximately $1,802,000. Caxton Associates LLP owned approximately 0.16% of Grupo Supervielle at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of SUPV. PointState Capital LP boosted its stake in Grupo Supervielle by 300.7% during the fourth quarter. PointState Capital LP now owns 1,896,720 shares of the company's stock worth $28,659,000 after acquiring an additional 1,423,383 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Grupo Supervielle by 111.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company's stock worth $21,296,000 after acquiring an additional 742,479 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in Grupo Supervielle by 971.8% during the first quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company's stock worth $5,770,000 after acquiring an additional 400,579 shares in the last quarter. Millennium Management LLC boosted its stake in Grupo Supervielle by 46.3% during the first quarter. Millennium Management LLC now owns 752,124 shares of the company's stock worth $9,823,000 after acquiring an additional 238,064 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Grupo Supervielle during the fourth quarter worth about $1,693,000.

Grupo Supervielle Stock Performance

Shares of SUPV traded down $0.45 during mid-day trading on Friday, hitting $5.47. 3,460,852 shares of the company traded hands, compared to its average volume of 1,766,795. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50-day moving average price of $9.33 and a two-hundred day moving average price of $11.99. Grupo Supervielle S.A. has a 1 year low of $5.35 and a 1 year high of $19.75. The stock has a market cap of $484.26 million, a price-to-earnings ratio of 8.29, a P/E/G ratio of 8.30 and a beta of 1.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share 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 6.82%. The company had revenue of $210.52 million for the quarter, compared to analysts' expectations of $283.67 billion. Equities analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SUPV shares. Citigroup downgraded shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a research note on Wednesday. Wall Street Zen upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $17.00.

About Grupo Supervielle

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.