Grupo Supervielle (NYSE:SUPV) Stock Price Up 5.8% - Here's What Happened

Key Points

• Grupo Supervielle's stock price increased by 5.8%, reaching $6.51, though trading volume was significantly lower than average at approximately 711,829 shares.
• Recent analyst ratings indicate a shift, with Citigroup downgrading the stock from "buy" to "neutral", while the consensus rating remains a "hold" with an average price target of $17.00.
• The company reported missing earnings expectations for the last quarter, with an EPS of $0.14 compared to the expected $0.22, while revenue was significantly below forecasts.

Shares of Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) were up 5.8% on Tuesday . The stock traded as high as $6.50 and last traded at $6.51. Approximately 711,829 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 1,492,596 shares. The stock had previously closed at $6.15.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SUPV shares. Citigroup cut Grupo Supervielle from a "buy" rating to a "neutral" rating in a research note on Wednesday, September 10th. Weiss Ratings reissued a "hold (c)" rating on shares of Grupo Supervielle in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Grupo Supervielle has a consensus rating of "Hold" and an average price target of $17.00.

Grupo Supervielle Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The business has a 50-day simple moving average of $6.86 and a 200 day simple moving average of $10.56. The firm has a market cap of $552.34 million, a PE ratio of 9.46, a PEG ratio of 13.02 and a beta of 1.56.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The company reported $0.14 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 during the quarter, compared to analysts' expectations of $283.67 billion. Equities research analysts forecast that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Institutional Trading of Grupo Supervielle

Several institutional investors have recently made changes to their positions in SUPV. PointState Capital LP grew its position in shares of Grupo Supervielle by 30.1% during the first quarter. PointState Capital LP now owns 2,467,243 shares of the company's stock worth $32,222,000 after purchasing an additional 570,523 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in Grupo Supervielle by 971.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company's stock valued at $5,770,000 after buying an additional 400,579 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Grupo Supervielle during the 2nd quarter valued at approximately $2,568,000. BNP Paribas Financial Markets grew its holdings in Grupo Supervielle by 196.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company's stock valued at $3,874,000 after buying an additional 242,440 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Grupo Supervielle during the 2nd quarter valued at approximately $2,562,000.

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.

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