Grupo Supervielle (NYSE:SUPV) Shares Down 5.7% - Here's What Happened

Key Points

• Grupo Supervielle's stock experienced a **5.7% decline**, trading as low as $8.44, significantly below its previous close of $9.08, with trading volume dropping **63%** from the average.
• Analysts have upgraded the stock from a "sell" to a "**hold**" rating, with a consensus target price of **$17.00** and an average rating of "Moderate Buy."
• In its latest earnings report, Grupo Supervielle posted an **EPS of $0.14**, missing expectations of $0.22, with revenue figures also falling short at **$210.52 million** compared to estimates of $283.67 million.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report)'s share price traded down 5.7% during mid-day trading on Monday . The stock traded as low as $8.44 and last traded at $8.57. 442,297 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 1,199,127 shares. The stock had previously closed at $9.08.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Friday, May 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.00.

Grupo Supervielle Stock Performance

The business's 50-day moving average price is $10.12 and its 200-day moving average price is $12.52. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33. The stock has a market cap of $691.86 million, a PE ratio of 11.84, a P/E/G ratio of 10.10 and a beta of 1.65.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last issued 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). The firm had revenue of $210.52 million during the quarter, compared to analysts' expectations of $283.67 billion. Grupo Supervielle had a return on equity of 6.84% and a net margin of 4.08%. As a group, equities research analysts expect that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors have recently modified their holdings of SUPV. PointState Capital LP grew its position in shares of Grupo Supervielle by 300.7% during the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company's stock valued at $28,659,000 after acquiring an additional 1,423,383 shares during the period. Brevan Howard Capital Management LP grew its position in shares of Grupo Supervielle by 585.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company's stock valued at $19,724,000 after acquiring an additional 1,106,497 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Grupo Supervielle by 111.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company's stock valued at $21,296,000 after acquiring an additional 742,479 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of 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 acquiring an additional 400,579 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Grupo Supervielle during the 2nd quarter valued at about $2,568,000.

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.