Weiss Ratings Reiterates "Hold (C)" Rating for Grupo Supervielle (NYSE:SUPV)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Grupo Supervielle, while other analysts have downgraded their ratings, including a drop from "neutral" to "underweight" by JPMorgan Chase & Co.
• The stock of Grupo Supervielle is currently priced at $6.73 and has fluctuated between a 52-week low of $4.54 and a 52-week high of $19.75.
• Grupo Supervielle reported a quarterly EPS of $0.14, missing analysts' expectations, with revenues totaling $210.52 million compared to estimates of $283.67 million.

Grupo Supervielle (NYSE:SUPV - Get Free Report)'s stock had its "hold (c)" rating restated by stock analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded Grupo Supervielle from a "neutral" rating to an "underweight" rating and reduced their price objective for the stock from $15.00 to $5.00 in a report on Wednesday. Citigroup downgraded Grupo Supervielle from a "buy" rating to a "neutral" rating in a report on Wednesday, September 10th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Grupo Supervielle currently has an average rating of "Hold" and an average target price of $12.00.

Grupo Supervielle Stock Down 2.1%

NYSE:SUPV opened at $6.73 on Friday. The stock's fifty day moving average price is $6.55 and its two-hundred day moving average price is $10.44. Grupo Supervielle has a 52-week low of $4.54 and a 52-week high of $19.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market cap of $595.75 million, a price-to-earnings ratio of 10.20, a P/E/G ratio of 13.91 and a beta of 1.56.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.08). Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%.The firm had revenue of $210.52 million for the quarter, compared to analyst estimates of $283.67 billion. On average, analysts anticipate that Grupo Supervielle will post 1.5 EPS for the current year.

Institutional Trading of Grupo Supervielle

Several institutional investors and hedge funds have recently made changes to their positions in SUPV. Sparta 24 Ltd. raised its position in shares of Grupo Supervielle by 39,572.6% during the 3rd quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company's stock valued at $4,963,000 after acquiring an additional 999,999 shares during the last quarter. PointState Capital LP increased its position in shares of Grupo Supervielle by 30.1% in the 1st quarter. PointState Capital LP now owns 2,467,243 shares of the company's stock valued at $32,222,000 after buying an additional 570,523 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Grupo Supervielle by 971.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company's stock valued at $5,770,000 after buying an additional 400,579 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Grupo Supervielle in the 2nd quarter valued at $2,568,000. Finally, BNP Paribas Financial Markets increased its position in shares of Grupo Supervielle by 196.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 365,776 shares of the company's stock valued at $3,874,000 after buying an additional 242,440 shares in the last quarter.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.

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