Sparta 24 Ltd. Has $902,000 Stock Position in Grupo Supervielle S.A. $SUPV

Key Points

• Sparta 24 Ltd. cut its stake in Grupo Supervielle by 92.4% in Q4, leaving it with 76,339 shares valued at about $902,000 (0.09% of the company and roughly 0.8% of Sparta's portfolio), its ninth-largest holding.
• Other institutions also adjusted positions—most notably Bank of America increased its stake by 551.6% to 44,965 shares (~$223,000)—while several hedge funds initiated small new positions.
• Fundamentals and outlook: Grupo Supervielle reported Q4 EPS of -$0.03, has negative net margin and ROE, a market cap around $719M, and a consensus analyst rating of "Hold" with a $13 price target amid mixed reviews.

Sparta 24 Ltd. decreased its position in shares of Grupo Supervielle S.A. (NYSE:SUPV - Free Report) by 92.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,339 shares of the company's stock after selling 926,187 shares during the period. Grupo Supervielle makes up approximately 0.8% of Sparta 24 Ltd.'s investment portfolio, making the stock its 9th biggest position. Sparta 24 Ltd. owned 0.09% of Grupo Supervielle worth $902,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LJI Wealth Management LLC bought a new stake in Grupo Supervielle in the third quarter worth about $57,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Grupo Supervielle during the third quarter valued at approximately $91,000. Centiva Capital LP purchased a new stake in shares of Grupo Supervielle in the third quarter worth approximately $101,000. Quantbot Technologies LP purchased a new stake in shares of Grupo Supervielle in the third quarter worth approximately $164,000. Finally, Bank of America Corp DE lifted its stake in shares of Grupo Supervielle by 551.6% during the 3rd quarter. Bank of America Corp DE now owns 44,965 shares of the company's stock worth $223,000 after acquiring an additional 38,064 shares during the last quarter.

Grupo Supervielle Stock Performance

Shares of NYSE:SUPV opened at $8.22 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $719.22 million, a price-to-earnings ratio of -22.82 and a beta of 1.78. Grupo Supervielle S.A. has a 52 week low of $4.54 and a 52 week high of $16.90. The firm has a 50 day moving average of $9.16 and a 200 day moving average of $10.23.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $145.40 million during the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. On average, sell-side analysts predict that Grupo Supervielle S.A. will post 0.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SUPV. Wall Street Zen lowered Grupo Supervielle from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of Grupo Supervielle in a report on Friday, April 17th. Zacks Research cut shares of Grupo Supervielle from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Grupo Supervielle from $12.00 to $11.00 and set a "neutral" rating on the stock in a research report on Thursday, February 19th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, Grupo Supervielle presently has an average rating of "Hold" and a consensus price target of $13.00.

Grupo Supervielle Profile

Grupo Supervielle NYSE: SUPV is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.

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