Grupo Supervielle (NYSE:SUPV) Lowered to "Sell" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Grupo Supervielle to a "sell", joining Weiss and Zacks in negative revisions while Itau BBA initiated coverage at "outperform" and JPMorgan cut its price target to $11; the analyst mix is 2 Buy, 3 Hold, 2 Sell with a consensus price target of $13.
• Shares trade near $9.45 (50-day SMA $9.90, 200-day SMA $9.70) with a market cap of $827M; the company reported a ($0.03) EPS last quarter and has negative net margin and ROE, signaling weak recent fundamentals.

Grupo Supervielle (NYSE:SUPV - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Several other research firms have also weighed in on SUPV. Weiss Ratings lowered Grupo Supervielle from a "hold (c-)" rating to a "sell (d)" rating in a report on Tuesday, January 20th. Itau BBA Securities initiated coverage on Grupo Supervielle in a research note on Wednesday, December 10th. They set an "outperform" rating and a $15.00 price target for the company. Zacks Research lowered 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. lowered their price objective on shares of Grupo Supervielle from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $13.00.

Grupo Supervielle Price Performance

Shares of NYSE:SUPV opened at $9.45 on Friday. The business's 50 day simple moving average is $9.90 and its 200-day simple moving average is $9.70. The firm has a market capitalization of $827.00 million, a price-to-earnings ratio of -26.24 and a beta of 1.78. Grupo Supervielle has a 12 month low of $4.54 and a 12 month high of $17.02.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its quarterly earnings data on Sunday, February 15th. The company reported ($0.03) earnings per share for the quarter. The firm 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 3.88%. On average, equities analysts anticipate that Grupo Supervielle will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds have recently bought and sold shares of the stock. Ping Capital Management Inc. increased its position in Grupo Supervielle by 86.9% during the 3rd quarter. Ping Capital Management Inc. now owns 344,500 shares of the company's stock worth $1,705,000 after purchasing an additional 160,200 shares in the last quarter. Kiker Wealth Management LLC lifted its holdings in Grupo Supervielle by 148.9% in the 3rd quarter. Kiker Wealth Management LLC now owns 316,161 shares of the company's stock valued at $1,565,000 after purchasing an additional 189,156 shares in the last quarter. Mak Capital One LLC lifted its holdings in Grupo Supervielle by 36.7% in the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company's stock valued at $19,800,000 after purchasing an additional 1,074,732 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Grupo Supervielle during the 3rd quarter worth about $1,092,000. Finally, GAM Holding AG acquired a new stake in shares of Grupo Supervielle during the 3rd quarter worth about $248,000.

About Grupo Supervielle

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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