Grupo Supervielle (NYSE:SUPV) Stock Price Down 4.7% - Here's Why

Key Points

• Grupo Supervielle shares fell 4.7% to about $8.39 in midday trading, with volume down 83% from the stock’s average daily activity.
• Analyst sentiment remains mixed but centers on a “Hold” consensus; the average price target is $13.17, with recent targets ranging from $11.50 to $13.00.
• The company reported quarterly earnings of $0.10 per share and $233.55 million in revenue, while profitability remained weak with a negative net margin of 3.60% and negative return on equity.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) dropped 4.7% during mid-day trading on Thursday . The company traded as low as $8.48 and last traded at $8.3850. 141,129 shares changed hands during trading, a decline of 83% from the average daily volume of 822,848 shares. The stock had previously closed at $8.80.

Analyst Ratings Changes

SUPV has been the subject of a number of analyst reports. Zacks Research raised Grupo Supervielle from a "strong sell" rating to a "hold" rating in a report on Thursday, May 7th. Weiss Ratings reissued a "sell (d)" rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. Wall Street Zen upgraded shares of Grupo Supervielle from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, June 25th. Finally, UBS Group cut 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 equities research 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's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $13.17.

Grupo Supervielle Trading Down 4.1%

The company has a market cap of $738.92 million, a P/E ratio of -13.38 and a beta of 1.60. The business has a fifty day simple moving average of $9.30 and a 200 day simple moving average of $9.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 0.92.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share 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. Analysts anticipate that Grupo Supervielle S.A. will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. PointState Capital LP grew its position in Grupo Supervielle by 81.5% in the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company's stock valued at $17,955,000 after buying an additional 682,294 shares in the last quarter. Jump Financial LLC increased its stake in Grupo Supervielle by 339.2% during the 3rd quarter. Jump Financial LLC now owns 580,486 shares of the company's stock valued at $2,873,000 after buying an additional 448,330 shares during the period. RWC Asset Management LLP raised 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 in the last quarter. Verition Fund Management LLC raised its position in shares of Grupo Supervielle by 264.3% during the 3rd quarter. Verition Fund Management LLC now owns 532,789 shares of the company's stock worth $2,637,000 after buying an additional 386,524 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Grupo Supervielle by 148.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 582,019 shares of the company's stock worth $6,879,000 after acquiring an additional 348,195 shares during the period.

About Grupo Supervielle

Grupo Supervielle NYSE: SUPV is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.

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