Grupo Supervielle (NYSE:SUPV) Shares Down 12.5% - Here's Why

Key Points

• Grupo Supervielle shares fell 12.5% to about $6.77, with trading volume roughly 88% below the average session volume.
• Analyst opinions remain mixed: UBS cut its price target to $11.50 with a neutral rating, while Zacks upgraded the stock to strong buy and Weiss maintained a sell rating. The consensus rating is Hold, with a $13.17 price target.
• The company reported quarterly EPS of $0.10 on $233.55 million in revenue, but posted a negative net margin of 3.60% and negative return on equity of 2.67%.

Shares of Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) were down 12.5% during trading on Monday. The company traded as low as $6.80 and last traded at $6.7740. Approximately 92,927 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 760,532 shares. The stock had previously closed at $7.74.

Analysts Set New Price Targets

Several research firms have recently weighed in on SUPV. UBS Group dropped their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a "neutral" rating for the company in a research note on Friday, July 10th. Zacks Research upgraded shares of Grupo Supervielle from a "hold" rating to a "strong-buy" rating in a report on Friday, October 9th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Grupo Supervielle in a research report on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Grupo Supervielle presently has a consensus rating of "Hold" and a consensus price target of $13.17.

Grupo Supervielle Stock Down 10.9%

The firm has a 50 day moving average price of $7.85 and a 200-day moving average price of $8.80. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The firm has a market cap of $604.10 million, a PE ratio of -10.96 and a beta of 1.54.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. Grupo Supervielle had a negative net margin of 3.60% and a negative return on equity of 2.67%. The firm had revenue of $233.55 million for the quarter. Research analysts forecast that Grupo Supervielle S.A. will post 0.44 EPS for the current fiscal year.

Institutional Trading of Grupo Supervielle

Several institutional investors have recently modified their holdings of the stock. Titan Global Capital Management USA LLC lifted its holdings in shares of Grupo Supervielle by 5.7% in the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company's stock valued at $912,000 after purchasing an additional 5,245 shares during the last quarter. Engineers Gate Manager LP grew its holdings in shares of Grupo Supervielle by 96.4% during the second quarter. Engineers Gate Manager LP now owns 92,343 shares of the company's stock worth $892,000 after buying an additional 45,325 shares during the last quarter. Deltec Asset Management LLC acquired a new position in Grupo Supervielle in the 1st quarter valued at about $438,000. Finally, Bank of America Corp DE increased its position in Grupo Supervielle by 285.5% in the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company's stock valued at $183,000 after acquiring an additional 14,365 shares during the period.

About Grupo Supervielle

Grupo Supervielle SA is an Argentine financial services holding company whose principal subsidiary is Banco Supervielle SA The group provides banking and related financial products to individuals, small and medium-sized businesses, corporations, and other institutional customers, primarily in Argentina.

Through its businesses, Grupo Supervielle offers savings and checking accounts, deposits, consumer and commercial lending, mortgages, credit and debit cards, electronic banking, payment services, and treasury products.

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