Jump Financial LLC Decreases Stake 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 decreased its position in shares of Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 42.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,685 shares of the company's stock after selling 80,128 shares during the quarter. Jump Financial LLC owned 0.13% of Grupo Supervielle worth $1,446,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in shares of Grupo Supervielle by 4.9% in the fourth quarter. NewEdge Advisors LLC now owns 18,619 shares of the company's stock worth $281,000 after acquiring an additional 867 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in Grupo Supervielle in the 4th quarter valued at approximately $623,000. BNP Paribas Financial Markets raised its holdings in Grupo Supervielle by 103.3% in the 4th quarter. BNP Paribas Financial Markets now owns 124,648 shares of the company's stock valued at $1,883,000 after buying an additional 63,345 shares during the last quarter. Brevan Howard Capital Management LP raised its holdings in 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 during the last quarter. Finally, Bosun Asset Management LLC raised its holdings in Grupo Supervielle by 19.0% in the 4th quarter. Bosun Asset Management LLC now owns 124,226 shares of the company's stock valued at $1,877,000 after buying an additional 19,874 shares during the last quarter.

Analyst Upgrades and Downgrades

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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Grupo Supervielle currently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Grupo Supervielle Stock Down 0.6%

Shares of SUPV traded down $0.04 during trading hours on Wednesday, reaching $7.74. The stock had a trading volume of 288,409 shares, compared to its average volume of 1,214,694. Grupo Supervielle S.A. has a 12 month low of $6.90 and a 12 month high of $19.75. The firm has a 50-day simple moving average of $9.99 and a 200 day simple moving average of $12.41. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $684.90 million, a price-to-earnings ratio of 11.77, a P/E/G ratio of 9.95 and a beta of 1.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last issued 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 6.84%. The company had revenue of $210.52 million for the quarter, compared to the consensus estimate of $283.67 billion. Equities research analysts predict that Grupo Supervielle S.A. will post 1.5 earnings per share 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.