Grupo Supervielle (NYSE:SUPV) Shares Down 5.5% - What's Next?

Key Points

• Grupo Supervielle's stock price dropped 5.5% to $5.92 amid increased trading volume, closing after a previous high of $6.26.
• Analysts have mixed views on the stock, with Wall Street Zen upgrading it from "sell" to "hold," while Citigroup downgraded it from "buy" to "neutral."
• The company reported earnings per share of $0.14, missing expectations, and its revenue fell short of estimates at $210.52 million.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price dropped 5.5% during mid-day trading on Thursday . The company traded as low as $5.89 and last traded at $5.92. Approximately 1,479,442 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 1,256,666 shares. The stock had previously closed at $6.26.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SUPV shares. Wall Street Zen upgraded Grupo Supervielle from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. Citigroup lowered Grupo Supervielle from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 10th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Grupo Supervielle has a consensus rating of "Hold" and a consensus target price of $17.00.

Grupo Supervielle Stock Up 2.4%

The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $486.03 million, a P/E ratio of 8.32, a PEG ratio of 8.05 and a beta of 1.75. The firm's 50 day moving average price is $9.12 and its two-hundred day moving average price is $11.89.

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

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently made changes to their positions in SUPV. Sparta 24 Ltd. bought a new stake in shares of Grupo Supervielle during the 2nd quarter worth approximately $27,000. GAMMA Investing LLC increased its holdings in shares of Grupo Supervielle by 10.2% during the 1st quarter. GAMMA Investing LLC now owns 7,958 shares of the company's stock worth $104,000 after acquiring an additional 737 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Grupo Supervielle during the 1st quarter worth approximately $268,000. Itau Unibanco Holding S.A. acquired a new position in shares of Grupo Supervielle during the 1st quarter worth approximately $357,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in shares of Grupo Supervielle by 197.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company's stock worth $405,000 after acquiring an additional 25,340 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.