Grupo Supervielle (NYSE:SUPV) Shares Up 10.9% – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) shot up 10.9% during trading on Thursday . The stock traded as high as $10.77 and last traded at $10.71. 250,097 shares traded hands during trading, a decline of 72% from the average session volume of 909,213 shares. The stock had previously closed at $9.66.

Wall Street Analyst Weigh In

Several brokerages have commented on SUPV. Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. reduced their price target on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Finally, Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Grupo Supervielle presently has an average rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle Price Performance

The company has a fifty day moving average of $8.99 and a 200 day moving average of $10.04. The firm has a market capitalization of $946.28 million, a P/E ratio of -18.22 and a beta of 1.57. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. Grupo Supervielle had a negative net margin of 3.46% and a negative return on equity of 4.40%. The company had revenue of $145.40 million during the quarter. Sell-side analysts predict that Grupo Supervielle S.A. will post 0.61 earnings per share for the current year.

Institutional Trading of Grupo Supervielle

Several institutional investors have recently added to or reduced their stakes in SUPV. Mak Capital One LLC boosted 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 acquiring an additional 1,074,732 shares during the last quarter. PointState Capital LP lifted its stake in Grupo Supervielle by 81.5% in the fourth quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after buying an additional 682,294 shares during the period. Jump Financial LLC lifted its stake in Grupo Supervielle by 339.2% in the third quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock valued at $2,873,000 after buying an additional 448,330 shares during the period. RWC Asset Management LLP lifted its stake in Grupo Supervielle by 58.3% in the fourth quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after buying an additional 434,285 shares during the period. Finally, Verition Fund Management LLC lifted its stake in Grupo Supervielle by 264.3% in the third quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock valued at $2,637,000 after buying an additional 386,524 shares during the period.

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.