Grupo Supervielle (NYSE:SUPV) Shares Up 14.4% - Time to Buy?

Key Points

• Grupo Supervielle's share price soared 14.4% during Thursday trading, reaching a last price of $5.70 after a volume increase of 83%.
• Analyst ratings have shifted, with Citigroup downgrading the stock from a "buy" to a "neutral", while the consensus rating remains at "Hold" with a target price of $17.00.
• The company's recent quarterly earnings report showed an EPS of $0.14, missing expectations, and projected a net margin of 4.08% for the period.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price shot up 14.4% during trading on Thursday . The company traded as high as $5.63 and last traded at $5.70. 2,577,119 shares were traded during mid-day trading, an increase of 83% from the average session volume of 1,404,617 shares. The stock had previously closed at $4.98.

Analyst Ratings Changes

A number of analysts recently commented on SUPV shares. Citigroup cut Grupo Supervielle from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Grupo Supervielle in a research report on Wednesday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.00.

Grupo Supervielle Stock Up 27.1%

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $560.42 million, a PE ratio of 9.59, a PEG ratio of 10.08 and a beta of 1.56. The firm has a fifty day simple moving average of $7.52 and a 200 day simple moving average of $10.94.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.08). The business 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%. Equities research analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently modified their holdings of the company. Sparta 24 Ltd. acquired a new position in shares of Grupo Supervielle in the 2nd quarter valued at about $27,000. GAMMA Investing LLC lifted its stake in shares of Grupo Supervielle by 10.2% in the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock valued at $104,000 after purchasing an additional 737 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Grupo Supervielle in the 1st quarter valued at about $268,000. Itau Unibanco Holding S.A. acquired a new position in shares of Grupo Supervielle in the 1st quarter valued at about $357,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Grupo Supervielle by 197.0% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company's stock valued at $405,000 after purchasing an additional 25,340 shares in 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.