Grupo Supervielle (NYSE:SUPV) Trading Down 8.2% Following Weak Earnings

Key Points

• Grupo Supervielle's stock price dropped 8.2% following a disappointing earnings report, with earnings per share at $0.14, missing expectations of $0.22.
• The company's revenue for the quarter was reported at $210.52 million, significantly below the analysts' projected $283.67 million.
• Wall Street analysts have upgraded Grupo Supervielle from a "sell" rating to a "hold" rating, indicating a cautious outlook for investors.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) fell 8.2% on Thursday following a dissappointing earnings announcement. The stock traded as low as $10.05 and last traded at $10.03. 311,455 shares changed hands during trading, a decline of 74% from the average session volume of 1,181,177 shares. The stock had previously closed at $10.92.

The company reported $0.14 earnings per share 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 net margin of 4.33% and a return on equity of 8.02%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Grupo Supervielle from a "sell" rating to a "hold" rating in a report on Friday, May 30th.

Institutional Trading of Grupo Supervielle

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its position in shares of 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 during the last quarter. NewEdge Advisors LLC increased its position in shares of Grupo Supervielle by 4.9% during the 4th quarter. NewEdge Advisors LLC now owns 18,619 shares of the company's stock worth $281,000 after purchasing an additional 867 shares during the last quarter. Freedom Investment Management Inc. increased its position in shares of 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 during the last quarter. Sparta 24 Ltd. acquired a new stake in shares of Grupo Supervielle during the 2nd quarter worth about $27,000. Finally, Titan Global Capital Management USA LLC increased its position in shares of 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 during the last quarter.

Grupo Supervielle Stock Down 8.7%

The business has a 50-day moving average of $10.76 and a 200-day moving average of $13.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $883.09 million, a price-to-earnings ratio of 13.49, a P/E/G ratio of 11.28 and a beta of 1.65.

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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