Grupo Supervielle (NYSE:SUPV) Stock Price Down 6.6% - Time to Sell?

Key Points

• Grupo Supervielle's stock price dropped by 6.6% to $5.92, significantly lower than its previous close of $6.34, with trading volume down by 35% from its average.
• The company has faced downgrades from analysts, with Citigroup changing its rating from "buy" to "neutral" and an average consensus rating of "Hold" with a target price of $17.00.
• Grupo Supervielle reported earnings of $0.14 per share, which missed analysts' expectations of $0.22, amid a revenue of $210.52 million against estimates of $283.67 million.

Shares of Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) fell 6.6% on Friday . The company traded as low as $5.90 and last traded at $5.92. 923,610 shares were traded during mid-day trading, a decline of 35% from the average session volume of 1,429,231 shares. The stock had previously closed at $6.34.

Analyst Ratings Changes

SUPV has been the subject of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Supervielle in a report on Wednesday. Citigroup lowered shares of Grupo Supervielle from a "buy" rating to a "neutral" rating in a research report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.00.

Grupo Supervielle Stock Performance

The stock has a market capitalization of $521.91 million, a P/E ratio of 8.93, a PEG ratio of 10.08 and a beta of 1.56. The stock's 50-day simple moving average is $7.52 and its 200 day simple moving average is $10.94. 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 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). Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%.The company had revenue of $210.52 million for the quarter, compared to analyst estimates of $283.67 billion. Research analysts expect that Grupo Supervielle S.A. will post 1.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

A number of large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in 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 buying an additional 737 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in shares of Grupo Supervielle by 11.1% in the first 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 period. TT International Asset Management LTD increased its position in Grupo Supervielle by 5.1% during the first quarter. TT International Asset Management LTD now owns 122,035 shares of the company's stock worth $1,594,000 after acquiring an additional 5,949 shares during the period. Cetera Investment Advisers bought a new position in Grupo Supervielle during the first quarter worth about $268,000. Finally, XTX Topco Ltd raised its stake in Grupo Supervielle by 83.5% in the 1st quarter. XTX Topco Ltd now owns 31,304 shares of the company's stock worth $409,000 after purchasing an additional 14,243 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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