Grupo Supervielle (NYSE:SUPV) Shares Down 4.1% - Here's What Happened

Key Points

• Grupo Supervielle's stock price fell by 4.1% on Monday, closing at $6.17, following a decline in trading volume by 19%.
• Analysts issued mixed ratings on the stock, with Citigroup downgrading it from "buy" to "neutral," while the average target price remains at $17.00 based on a current average rating of "Hold."
• The company reported earnings of $0.14 per share for the last quarter, missing estimates of $0.22, and its revenue was significantly below analyst expectations at $210.52 million.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s stock price was down 4.1% on Monday . The stock traded as low as $6.09 and last traded at $6.17. Approximately 1,201,698 shares traded hands during mid-day trading, a decline of 19% from the average daily volume of 1,485,703 shares. The stock had previously closed at $6.43.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Citigroup lowered shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a report on Wednesday, September 10th. Weiss Ratings restated a "hold (c)" rating on shares of Grupo Supervielle in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.00.

Grupo Supervielle Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average price of $6.96 and a 200 day moving average price of $10.59. The stock has a market cap of $544.90 million, a P/E ratio of 9.33, a P/E/G ratio of 13.02 and a beta of 1.56.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). The business had revenue of $210.52 million for the quarter, compared to analyst estimates of $283.67 billion. Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%. On average, equities analysts expect that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Titan Global Capital Management USA LLC purchased a new position in shares of Grupo Supervielle in the 1st quarter worth approximately $670,000. Kiker Wealth Management LLC purchased a new stake in shares of Grupo Supervielle during the 2nd quarter valued at $1,345,000. Banco BTG Pactual S.A. bought a new stake in shares of Grupo Supervielle during the 1st quarter worth $1,450,000. Cubist Systematic Strategies LLC raised its stake in shares of Grupo Supervielle by 971.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company's stock worth $5,770,000 after purchasing an additional 400,579 shares during the period. Finally, Ping Capital Management Inc. boosted its holdings in shares of Grupo Supervielle by 52.3% in the 2nd quarter. Ping Capital Management Inc. now owns 184,300 shares of the company's stock worth $1,952,000 after buying an additional 63,300 shares during the last quarter.

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.

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