PointState Capital LP Increases Stake in Grupo Supervielle S.A. $SUPV

Key Points

• PointState Capital LP increased its stake in Grupo Supervielle S.A. by 30.1% during the first quarter, now owning approximately 2.79% of the company, valued at about $32.2 million.
• Wall Street analysts have upgraded the stock from a "sell" to a "hold" rating, with a consensus rating of "Moderate Buy" and a price target of $17.00.
• Grupo Supervielle reported an earnings miss with $0.14 EPS against an expected $0.22, alongside a revenue of $210.52 million that fell short of analysts' expectations.

PointState Capital LP increased its holdings in Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 30.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,467,243 shares of the company's stock after purchasing an additional 570,523 shares during the quarter. PointState Capital LP owned approximately 2.79% of Grupo Supervielle worth $32,222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SUPV. GAMMA Investing LLC raised its holdings in shares of Grupo Supervielle by 10.2% during the first quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock valued at $104,000 after purchasing an additional 737 shares during the period. Freedom Investment Management Inc. increased its position in shares of Grupo Supervielle by 4.4% during the first quarter. Freedom Investment Management Inc. now owns 44,386 shares of the company's stock worth $580,000 after acquiring an additional 1,862 shares in the last quarter. Insigneo Advisory Services LLC increased its position in shares of Grupo Supervielle by 11.1% during the first quarter. Insigneo Advisory Services LLC now owns 36,209 shares of the company's stock worth $473,000 after acquiring an additional 3,604 shares in the last quarter. TT International Asset Management LTD grew its position in Grupo Supervielle by 5.1% in the 1st quarter. TT International Asset Management LTD now owns 122,035 shares of the company's stock worth $1,594,000 after purchasing an additional 5,949 shares in the last quarter. Finally, XTX Topco Ltd grew 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 worth $409,000 after purchasing an additional 14,243 shares in the last quarter.

Wall Street Analysts Forecast Growth

SUPV has been the subject of a number of research reports. Wall Street Zen raised shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Citigroup cut shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $17.00.

Grupo Supervielle Stock Performance

Shares of SUPV stock traded down $0.20 during trading hours on Thursday, reaching $6.07. The company had a trading volume of 948,103 shares, compared to its average volume of 1,255,688. The business has a fifty day moving average price of $9.53 and a 200-day moving average price of $12.12. Grupo Supervielle S.A. has a one year low of $5.84 and a one year high of $19.75. The firm has a market cap of $536.93 million, a PE ratio of 9.19, a price-to-earnings-growth ratio of 8.86 and a beta of 1.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported $0.14 earnings per share (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 6.82%. The business had revenue of $210.52 million for the quarter, compared to the consensus estimate of $283.67 billion. Sell-side analysts predict that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

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.