Grupo Supervielle (NYSE:SUPV) Shares Gap Up - Here's Why

Key Points

• Grupo Supervielle shares opened higher, rising from a prior close of $6.86 to $7.30 before trading at $7.17, with 178,284 shares changing hands.
• Analysts maintain a consensus “Hold” rating and an average price target of $13.17. JPMorgan raised its target to $13.00, while UBS cut its target to $11.50.
• The company reported quarterly EPS of $0.10 on $233.55 million in revenue, but posted a negative 2.67% return on equity and a negative 3.60% net margin. Several institutional investors, including Bank of America and RWC Asset Management, increased their positions.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $6.86, but opened at $7.30. Grupo Supervielle shares last traded at $7.17, with a volume of 178,284 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. JPMorgan Chase & Co. raised their target price on Grupo Supervielle from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, June 25th. Finally, UBS Group lowered their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a "neutral" rating on the stock in a report on Friday, July 10th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Grupo Supervielle presently has a consensus rating of "Hold" and an average price target of $13.17.

Grupo Supervielle Stock Performance

The stock has a 50-day moving average of $8.37 and a 200 day moving average of $8.97. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $635.96 million, a P/E ratio of -11.55 and a beta of 1.54.

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

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds and other institutional investors have recently made changes to their positions in SUPV. Bank of America Corp DE boosted its holdings in Grupo Supervielle by 285.5% in the first 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 last quarter. Deltec Asset Management LLC bought a new stake in Grupo Supervielle during the 1st quarter worth about $438,000. Engineers Gate Manager LP lifted its position in Grupo Supervielle by 96.4% during the 2nd quarter. Engineers Gate Manager LP now owns 92,343 shares of the company's stock valued at $892,000 after purchasing an additional 45,325 shares during the period. Titan Global Capital Management USA LLC boosted its stake 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. Finally, RWC Asset Management LLP grew its position in shares of Grupo Supervielle by 58.3% during the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company's stock worth $13,935,000 after buying an additional 434,285 shares during the period.

About Grupo Supervielle

Grupo Supervielle SA is an Argentine financial services holding company whose principal business is conducted through Banco Supervielle SA The group provides banking and related financial services to individuals, small and medium-sized businesses, corporate customers and retirees throughout Argentina.

Banco Supervielle offers deposit accounts, personal and commercial loans, mortgage and secured lending, credit and debit cards, payment services, electronic and mobile banking, and investment products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.