Jump Financial LLC Reduces Holdings in Grupo Supervielle S.A. $SUPV

Key Points

• Jump Financial LLC has decreased its holdings in Grupo Supervielle S.A. by 42.0%, now owning approximately 0.13% of the company worth $1.45 million after selling 80,128 shares.
• Several hedge funds, including PointState Capital LP and Brevan Howard Capital Management LP, have significantly increased their stakes in Grupo Supervielle, with the latter boosting its position by 585.4%.
• Wall Street analyst ratings show a shift in sentiment, as Grupo Supervielle was upgraded from a "sell" to a "hold," with an average target price of $17.00 per share.

Jump Financial LLC cut its position in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 42.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,685 shares of the company's stock after selling 80,128 shares during the period. Jump Financial LLC owned 0.13% of Grupo Supervielle worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. PointState Capital LP boosted its holdings in shares of Grupo Supervielle by 300.7% in the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company's stock valued at $28,659,000 after buying an additional 1,423,383 shares in the last quarter. Brevan Howard Capital Management LP boosted its holdings in shares of Grupo Supervielle by 585.4% in the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company's stock valued at $19,724,000 after buying an additional 1,106,497 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Grupo Supervielle by 111.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company's stock valued at $21,296,000 after buying an additional 742,479 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of 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 buying an additional 202,633 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Grupo Supervielle in the 4th quarter valued at $1,693,000.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $17.00.

Grupo Supervielle Stock Performance

SUPV stock traded down $0.15 on Friday, hitting $7.82. The company's stock had a trading volume of 705,729 shares, compared to its average volume of 1,451,645. The firm has a 50 day moving average of $10.12 and a two-hundred day moving average of $12.49. Grupo Supervielle S.A. has a 1 year low of $6.90 and a 1 year high of $19.75. The stock has a market cap of $691.86 million, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 9.95 and a beta of 1.75. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its quarterly 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). 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 during the quarter, compared to analysts' expectations of $283.67 billion. Equities analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

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.