Cubist Systematic Strategies LLC Boosts Position in Grupo Supervielle S.A. $SUPV

Key Points

• Cubist Systematic Strategies LLC significantly increased its ownership in Grupo Supervielle S.A. by 971.8%, acquiring 400,579 shares and bringing its total shares owned to 441,798, valued at approximately $5.77 million.
• Other notable investors, such as PointState Capital LP and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., also made substantial increases to their stakes in Grupo Supervielle, suggesting growing interest in the company.
• Despite the increased investment activity, Grupo Supervielle's stock is down 3.9%, with a recent trading price of $7.48, following a disappointing earnings report where they missed analysts' earnings estimates.

Cubist Systematic Strategies LLC boosted its holdings in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 971.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 441,798 shares of the company's stock after buying an additional 400,579 shares during the quarter. Cubist Systematic Strategies LLC owned 0.50% of Grupo Supervielle worth $5,770,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SUPV. Itau Unibanco Holding S.A. bought a new stake in Grupo Supervielle during the first quarter valued at about $357,000. Freedom Investment Management Inc. lifted its stake in shares of Grupo Supervielle by 4.4% in the 1st quarter. Freedom Investment Management Inc. now owns 44,386 shares of the company's stock valued at $580,000 after purchasing an additional 1,862 shares during the period. Titan Global Capital Management USA LLC acquired a new position in shares of Grupo Supervielle in the 1st quarter valued at $670,000. Banco BTG Pactual S.A. acquired a new position in shares of Grupo Supervielle in the 1st quarter valued at $1,450,000. Finally, XTX Topco Ltd lifted its position in Grupo Supervielle by 83.5% in the 1st 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.

Grupo Supervielle Price Performance

Shares of NYSE:SUPV traded up $0.06 during trading on Tuesday, reaching $6.15. The company had a trading volume of 1,145,766 shares, compared to its average volume of 1,246,176. 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 S.A. has a 12 month low of $6.00 and a 12 month high of $19.75. The company has a fifty day moving average of $9.71 and a two-hundred day moving average of $12.20. The stock has a market capitalization of $544.02 million, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 10.16 and a beta of 1.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, missing the consensus estimate 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 return on equity of 6.82% and a net margin of 4.08%. Equities research analysts forecast that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.