Grupo Supervielle (NYSE:SUPV) Shares Gap Down – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $14.59, but opened at $13.72. Grupo Supervielle shares last traded at $14.33, with a volume of 344,296 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SUPV. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price on the stock in a report on Thursday, December 12th. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price objective for the company in a research report on Monday, December 16th.

Grupo Supervielle Price Performance

The company’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $11.24. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1.31 billion, a PE ratio of 20.53 and a beta of 1.95.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings data on Monday, November 25th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). Grupo Supervielle had a net margin of 5.80% and a return on equity of 15.92%. On average, equities analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SUPV. SBI Securities Co. Ltd. purchased a new stake in Grupo Supervielle in the fourth quarter valued at approximately $63,000. GAMMA Investing LLC grew its stake in shares of Grupo Supervielle by 151.4% during the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock valued at $109,000 after buying an additional 4,349 shares during the period. Centiva Capital LP acquired a new stake in shares of Grupo Supervielle during the 3rd quarter worth $127,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Grupo Supervielle in the 3rd quarter worth $145,000. Finally, Stratos Wealth Advisors LLC acquired a new position in Grupo Supervielle in the fourth quarter valued at $151,000.

Grupo Supervielle Company Profile

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.