Grupo Supervielle (NYSE:SUPV) Stock Price Up 8.9% – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV) rose 8.9% during mid-day trading on Thursday . The company traded as high as $12.04 and last traded at $11.97. Approximately 812,714 shares changed hands during trading, a decline of 50% from the average daily volume of 1,636,264 shares. The stock had previously closed at $10.99.

Analyst Ratings Changes

A number of brokerages recently commented on SUPV. UBS Group assumed coverage on shares of Grupo Supervielle in a research note on Wednesday, November 19th. They issued a “neutral” rating and a $13.00 price objective for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Grupo Supervielle in a research report on Monday. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $5.00 to $12.00 in a research note on Tuesday, October 28th. Wall Street Zen downgraded Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Saturday, December 13th. Finally, Bank of America reiterated a “neutral” rating on shares of Grupo Supervielle in a report on Wednesday, November 26th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grupo Supervielle presently has an average rating of “Hold” and a consensus price target of $13.33.

Grupo Supervielle Stock Performance

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 stock has a market cap of $1.04 billion, a PE ratio of 99.18, a price-to-earnings-growth ratio of 44.97 and a beta of 1.76. The firm has a fifty day moving average price of $10.22 and a 200 day moving average price of $9.42.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Tuesday, November 25th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). The business had revenue of $178.38 million during the quarter, compared to analysts’ expectations of $252.85 billion. Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. Research analysts forecast that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Grupo Supervielle

Several large investors have recently bought and sold shares of the stock. Titan Global Capital Management USA LLC acquired a new position in Grupo Supervielle during the 1st quarter valued at approximately $670,000. Freedom Investment Management Inc. increased its position in shares of Grupo Supervielle by 4.4% in the 1st quarter. Freedom Investment Management Inc. now owns 44,386 shares of the company’s stock valued at $580,000 after acquiring an additional 1,862 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Grupo Supervielle in the 1st quarter worth $357,000. Cubist Systematic Strategies LLC raised its stake in Grupo Supervielle by 971.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 441,798 shares of the company’s stock worth $5,770,000 after acquiring an additional 400,579 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Grupo Supervielle by 16.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,634,873 shares of the company’s stock worth $21,351,000 after acquiring an additional 225,486 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.