Grupo Supervielle (NYSE:SUPV) Trading 4.3% Higher - Should You Buy?

Key Points

• Grupo Supervielle shares rose 4.3% to $8.665, although trading volume was 63% below the stock’s average daily volume.
• Analyst sentiment remains cautious, with a consensus “Hold” rating from seven analysts and an average price target of $13.17; ratings range from Buy to Sell.
• The company reported quarterly earnings of $0.10 per share on $233.55 million in revenue, but posted a negative 3.60% net margin and negative 2.67% return on equity.

Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) shares rose 4.3% on Monday . The company traded as high as $8.70 and last traded at $8.6650. Approximately 306,130 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 821,544 shares. The stock had previously closed at $8.31.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Grupo Supervielle in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upped their price target on Grupo Supervielle from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, June 25th. Zacks Research raised Grupo Supervielle from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 7th. Finally, UBS Group dropped their price objective 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. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $13.17.

Grupo Supervielle Stock Up 5.1%

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 capitalization of $764.31 million, a P/E ratio of -13.86 and a beta of 1.60. The stock's 50-day simple moving average is $9.18 and its 200-day simple moving average is $9.26.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PointState Capital LP increased its position in shares of Grupo Supervielle by 81.5% during the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company's stock valued at $17,955,000 after purchasing an additional 682,294 shares during the last quarter. RWC Asset Management LLP boosted its holdings in shares of Grupo Supervielle by 58.3% in 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 last quarter. Millennium Management LLC grew its position in Grupo Supervielle by 7.0% during the third quarter. Millennium Management LLC now owns 876,252 shares of the company's stock valued at $4,337,000 after buying an additional 57,040 shares during the period. UBS Group AG grew its position in Grupo Supervielle by 38.4% during the fourth quarter. UBS Group AG now owns 785,432 shares of the company's stock valued at $9,284,000 after buying an additional 218,039 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Grupo Supervielle by 148.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 582,019 shares of the company's stock valued at $6,879,000 after buying an additional 348,195 shares during the period.

Grupo Supervielle Company Profile

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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