Grupo Supervielle (NYSE:SUPV) Shares Gap Up - Time to Buy?

Key Points

• Grupo Supervielle's stock price opened at $5.80 on Monday after closing at $5.02, reflecting a significant gap up before trading.
• Analysts have recently adjusted their ratings, with a mix of upgrades and downgrades, leading to a consensus rating of "Hold" and an average price target of $17.00.
• Hedge funds have shown increased interest in Grupo Supervielle, with major firms like Squarepoint Ops LLC and Engineers Gate Manager LP significantly boosting their positions in the second quarter.

Shares of Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $5.02, but opened at $5.80. Grupo Supervielle shares last traded at $5.82, with a volume of 1,207,598 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup lowered shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Grupo Supervielle presently has a consensus rating of "Hold" and an average price target of $17.00.

Grupo Supervielle Stock Up 0.2%

The firm has a market cap of $551.98 million, a price-to-earnings ratio of 9.54, a P/E/G ratio of 7.54 and a beta of 1.75. The firm's fifty day moving average is $8.74 and its two-hundred day moving average is $11.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.08). The company had revenue of $210.52 million during the quarter, compared to analyst estimates of $283.67 billion. Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%. On average, sell-side analysts expect that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

Several institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Grupo Supervielle by 10.2% in the first quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock worth $104,000 after purchasing an additional 737 shares during the period. Freedom Investment Management Inc. lifted its holdings in Grupo Supervielle by 4.4% in the first quarter. Freedom Investment Management Inc. now owns 44,386 shares of the company's stock worth $580,000 after purchasing an additional 1,862 shares during the period. Sparta 24 Ltd. acquired a new stake in Grupo Supervielle in the 2nd quarter valued at about $27,000. Titan Global Capital Management USA LLC lifted its holdings in Grupo Supervielle by 5.3% in the 2nd quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company's stock valued at $572,000 after acquiring an additional 2,711 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in Grupo Supervielle by 11.1% in the 1st quarter. Insigneo Advisory Services LLC now owns 36,209 shares of the company's stock valued at $473,000 after acquiring an additional 3,604 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.