Grupo Supervielle (NYSE:SUPV) Stock Price Up 7.3% – Should You Buy?

by · The Cerbat Gem

Grupo Supervielle S.A. (NYSE:SUPV – Get Free Report)’s stock price traded up 7.3% on Wednesday . The company traded as high as $10.95 and last traded at $11.0040. 2,265,083 shares were traded during mid-day trading, an increase of 37% from the average session volume of 1,655,983 shares. The stock had previously closed at $10.26.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SUPV. UBS Group initiated coverage on shares of Grupo Supervielle in a report on Wednesday, November 19th. They set a “neutral” rating and a $13.00 price objective on the stock. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Monday. Bank of America restated a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Grupo Supervielle in a research report on Tuesday. Finally, Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Grupo Supervielle currently has a consensus rating of “Hold” and an average price target of $14.67.

View Our Latest Stock Report on SUPV

Grupo Supervielle Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. The stock’s 50-day moving average price is $8.16 and its 200-day moving average price is $9.85. The company has a market cap of $963.69 million, a P/E ratio of 16.51, a PEG ratio of 23.32 and a beta of 1.66.

Grupo Supervielle (NYSE:SUPV – Get Free Report) last announced its quarterly earnings data on Tuesday, November 25th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). Grupo Supervielle had a return on equity of 6.82% and a net margin of 4.08%.The firm had revenue of $178.38 million for the quarter, compared to analyst estimates of $252.85 billion. Equities analysts anticipate that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mak Capital One LLC increased its holdings in Grupo Supervielle by 36.7% in the third quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after purchasing an additional 1,074,732 shares during the period. Sparta 24 Ltd. increased its holdings in Grupo Supervielle by 39,572.6% in the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock worth $4,963,000 after purchasing an additional 999,999 shares in the last quarter. PointState Capital LP raised its holdings in shares of Grupo Supervielle by 30.1% during the first quarter. PointState Capital LP now owns 2,467,243 shares of the company’s stock valued at $32,222,000 after purchasing an additional 570,523 shares during the period. Jump Financial LLC boosted its position in shares of Grupo Supervielle by 339.2% during the 3rd quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock worth $2,873,000 after purchasing an additional 448,330 shares in the last quarter. Finally, Cubist Systematic Strategies LLC grew its stake 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 during the period.

About Grupo Supervielle

(Get Free Report)

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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