Grupo Supervielle (NYSE:SUPV) Shares Down 6.4% - Time to Sell?

Key Points

• Grupo Supervielle's shares fell by 6.4%, trading at $5.91, with a significant 18% decrease in trading volume compared to its average.
• Analysts have mixed ratings for the stock, with one upgrade to "hold" from "sell," while a downgrade to "neutral" was issued by Citigroup.
• In its last quarterly earnings report, Grupo Supervielle missed expectations with earnings of $0.14 per share, falling short of the $0.22 forecast.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price traded down 6.4% on Thursday . The company traded as low as $5.92 and last traded at $5.91. 1,096,666 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 1,338,947 shares. The stock had previously closed at $6.31.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SUPV. 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 report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.00.

Grupo Supervielle Stock Down 7.8%

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 business's 50 day simple moving average is $8.60 and its 200 day simple moving average is $11.57. The company has a market capitalization of $514.98 million, a PE ratio of 8.84, a P/E/G ratio of 9.19 and a beta of 1.75.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its quarterly earnings results 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 company had revenue of $210.52 million during the quarter, compared to analysts' expectations of $283.67 billion. Grupo Supervielle had a net margin of 4.08% and a return on equity of 6.82%. As a group, analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Squarepoint Ops LLC boosted its stake in Grupo Supervielle by 243.7% during the 2nd quarter. Squarepoint Ops LLC now owns 48,977 shares of the company's stock worth $519,000 after purchasing an additional 34,726 shares during the period. Engineers Gate Manager LP boosted its stake in shares of Grupo Supervielle by 242.8% during the 2nd quarter. Engineers Gate Manager LP now owns 84,132 shares of the company's stock worth $891,000 after purchasing an additional 59,586 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Grupo Supervielle by 196.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company's stock worth $3,874,000 after purchasing an additional 242,440 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in shares of Grupo Supervielle by 15.8% during the 2nd quarter. Brevan Howard Capital Management LP now owns 473,615 shares of the company's stock worth $5,304,000 after purchasing an additional 64,615 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Grupo Supervielle by 229.7% during the 2nd quarter. Balyasny Asset Management L.P. now owns 70,010 shares of the company's stock worth $741,000 after purchasing an additional 48,773 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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