Grupo Supervielle (NYSE:SUPV) Trading 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 stock price traded down 5.7% during mid-day trading on Monday . The company 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.

Analysts Set New Price Targets

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

Grupo Supervielle Stock Performance

The stock has a market capitalization of $745.01 million, a price-to-earnings ratio of 12.76, a P/E/G ratio of 11.52 and a beta of 1.65. The company's fifty day simple moving average is $10.42 and its 200 day simple moving average is $12.73. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.33.

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). The company had revenue of $210.52 million for the quarter, compared to analyst estimates of $283.67 billion. Grupo Supervielle had a return on equity of 6.84% and a net margin of 4.08%. On average, equities research analysts expect that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Institutional investors and hedge funds have recently made changes to their positions in the company. PointState Capital LP increased its stake 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Grupo Supervielle by 16.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,634,873 shares of the company's stock valued at $21,351,000 after buying an additional 225,486 shares in the last quarter. Brevan Howard Capital Management LP increased its position in 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 worth $19,724,000 after buying an additional 1,106,497 shares during the period. Millennium Management LLC increased its position in Grupo Supervielle by 46.3% during the 1st quarter. Millennium Management LLC now owns 752,124 shares of the company's stock worth $9,823,000 after buying an additional 238,064 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Grupo Supervielle by 971.8% during the first quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company's stock worth $5,770,000 after buying an additional 400,579 shares in 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.

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