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

Key Points

• Grupo Supervielle shares jumped 5.1% at the open, rising from a prior close of $7.01 to $7.37 before trading at approximately $7.26.
• Analyst views remain mixed: Zacks upgraded the stock to “strong buy,” while UBS lowered its target and JPMorgan raised its target, both maintaining “neutral” ratings. The consensus rating is “Hold”, with an average price target of $13.17.
• The company reported quarterly EPS of $0.10 on $233.55 million in revenue, but continued to post a negative net margin and return on equity. Several institutional investors, including Engineers Gate and Bank of America, increased their positions.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $7.01, but opened at $7.37. Grupo Supervielle shares last traded at $7.2640, with a volume of 16,752 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SUPV. Zacks Research raised shares of Grupo Supervielle from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 9th. UBS Group cut their target price on Grupo Supervielle from $13.00 to $11.50 and set a "neutral" rating on the stock in a research note on Friday, July 10th. Weiss Ratings restated a "sell (d)" rating on shares of Grupo Supervielle in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Grupo Supervielle from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, June 25th. One 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 given a Sell rating to the stock. According to data from MarketBeat.com, Grupo Supervielle presently has a consensus rating of "Hold" and an average price target of $13.17.

Grupo Supervielle Price Performance

The company has a market capitalization of $635.18 million, a PE ratio of -11.48 and a beta of 1.54. 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 stock's 50-day moving average is $7.98 and its two-hundred day moving average is $8.89.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Deltec Asset Management LLC purchased a new stake in Grupo Supervielle during the 1st quarter worth about $438,000. 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. Bank of America Corp DE raised its stake in shares of Grupo Supervielle by 285.5% during the first quarter. Bank of America Corp DE now owns 19,397 shares of the company's stock worth $183,000 after purchasing an additional 14,365 shares during the last quarter. Finally, Titan Global Capital Management USA LLC lifted 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 worth $912,000 after acquiring an additional 5,245 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.

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