Grupo Supervielle (NYSE:SUPV) Stock Price Down 5.5% - Here's Why

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 stock price fell 5.5% during mid-day trading on Thursday . The company traded as low as $5.89 and last traded at $5.92. 1,479,442 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 1,256,666 shares. The stock had previously closed at $6.26.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SUPV. Wall Street Zen upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Citigroup lowered shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a report on Wednesday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.00.

Grupo Supervielle Stock Performance

The firm has a market capitalization of $523.21 million, a PE ratio of 8.95, a price-to-earnings-growth ratio of 8.86 and a beta of 1.75. 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's fifty day moving average price is $9.53 and its two-hundred day moving average price is $12.12.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last announced 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 for the quarter, compared to analysts' expectations of $283.67 billion. Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%. As a group, equities analysts expect that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Institutional Trading of Grupo Supervielle

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its position in 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 purchasing an additional 737 shares in the last quarter. Freedom Investment Management Inc. increased its position in Grupo Supervielle by 4.4% during the 1st 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 in the last quarter. Sparta 24 Ltd. acquired a new stake in Grupo Supervielle during the 2nd quarter worth approximately $27,000. Titan Global Capital Management USA LLC increased its position in Grupo Supervielle by 5.3% during the 2nd quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company's stock worth $572,000 after purchasing an additional 2,711 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its position in Grupo Supervielle by 11.1% during the 1st quarter. Insigneo Advisory Services LLC now owns 36,209 shares of the company's stock worth $473,000 after purchasing an additional 3,604 shares in the last quarter.

About Grupo Supervielle

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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