Cubist Systematic Strategies LLC Buys 400,579 Shares of 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 position in shares of Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 971.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441,798 shares of the company's stock after acquiring an additional 400,579 shares during the quarter. Cubist Systematic Strategies LLC owned 0.50% of Grupo Supervielle worth $5,770,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Titan Global Capital Management USA LLC acquired a new stake in shares of Grupo Supervielle during the 1st quarter worth $670,000. Banco BTG Pactual S.A. bought a new stake in shares of Grupo Supervielle during the 1st quarter worth about $1,450,000. Millennium Management LLC raised its holdings in Grupo Supervielle by 65.1% in the 4th quarter. Millennium Management LLC now owns 514,060 shares of the company's stock valued at $7,767,000 after acquiring an additional 202,633 shares in the last quarter. GAMMA Investing LLC increased its holdings in Grupo Supervielle by 1,339.3% during the 1st quarter. GAMMA Investing LLC now owns 103,931 shares of the company's stock valued at $13,570,000 after purchasing an additional 96,710 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Grupo Supervielle during the fourth quarter worth $1,693,000.

Grupo Supervielle Stock Performance

Shares of NYSE:SUPV traded down $1.93 on Monday, hitting $6.08. 3,410,449 shares of the company were exchanged, compared to its average volume of 1,242,395. The firm has a market capitalization of $537.91 million, a P/E ratio of 9.20, a price-to-earnings-growth ratio of 10.16 and a beta of 1.75. The stock's 50 day moving average price is $9.80 and its 200 day moving average price is $12.26. 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 1-year low of $6.12 and a 1-year high of $19.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). The firm 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%. Sell-side analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

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

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.