Zacks Research Upgrades Grupo Supervielle (NYSE:SUPV) to “Hold”

Grupo Supervielle (NYSE:SUPV) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Itau BBA Securities initiated coverage on Grupo Supervielle in a research note on Wednesday, December 10th. They issued an “outperform” rating and a $15.00 price target for the company. Bank of America reiterated a “neutral” rating on shares of Grupo Supervielle in a research report on Wednesday, November 26th. Citigroup upgraded shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. Weiss Ratings downgraded Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $13.33.

Grupo Supervielle Stock Down 0.7%

NYSE:SUPV traded down $0.08 during trading hours on Monday, hitting $12.12. The stock had a trading volume of 1,116,918 shares, compared to its average volume of 1,104,266. The company has a market cap of $1.06 billion, a PE ratio of 102.18, a price-to-earnings-growth ratio of 9.14 and a beta of 1.76. The business has a 50 day simple moving average of $11.27 and a two-hundred day simple moving average of $9.48. Grupo Supervielle has a 1-year low of $4.54 and a 1-year high of $17.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.46). The firm 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%. Analysts predict that Grupo Supervielle will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Several institutional investors have recently made changes to their positions in the company. Ping Capital Management Inc. grew its position in Grupo Supervielle by 86.9% in the third quarter. Ping Capital Management Inc. now owns 344,500 shares of the company’s stock worth $1,705,000 after acquiring an additional 160,200 shares in the last quarter. Kiker Wealth Management LLC lifted its stake in shares of Grupo Supervielle by 148.9% in the 3rd quarter. Kiker Wealth Management LLC now owns 316,161 shares of the company’s stock valued at $1,565,000 after purchasing an additional 189,156 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Grupo Supervielle by 197.0% in the second quarter. Y Intercept Hong Kong Ltd now owns 38,202 shares of the company’s stock worth $405,000 after purchasing an additional 25,340 shares in the last quarter. GAM Holding AG acquired a new position in Grupo Supervielle during the third quarter worth $248,000. Finally, Insigneo Advisory Services LLC raised its holdings in Grupo Supervielle by 165.1% during the second quarter. Insigneo Advisory Services LLC now owns 96,002 shares of the company’s stock valued at $1,017,000 after buying an additional 59,793 shares in the last quarter.

About Grupo Supervielle

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.