Grupo Supervielle (NYSE:SUPV) Posts Earnings Results

Grupo Supervielle (NYSE:SUPV) issued its earnings results on Monday. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16, Zacks reports. Grupo Supervielle had a negative net margin of 3.60% and a negative return on equity of 2.71%. The company had revenue of $246.08 million for the quarter, compared to the consensus estimate of $219.58 million.

Grupo Supervielle Price Performance

NYSE:SUPV opened at $8.40 on Wednesday. Grupo Supervielle has a 52-week low of $4.54 and a 52-week high of $13.55. The company has a market cap of $735.33 million, a P/E ratio of -13.33 and a beta of 1.60. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.00. The stock’s 50-day simple moving average is $9.76 and its 200 day simple moving average is $9.58.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN bought a new position in shares of Grupo Supervielle during the fourth quarter worth approximately $55,000. Van ECK Associates Corp boosted its stake in Grupo Supervielle by 101.5% in the 4th quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock valued at $110,000 after purchasing an additional 4,666 shares during the period. Cetera Investment Advisers grew its holdings in Grupo Supervielle by 29.3% in the 2nd quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares in the last quarter. Banco BTG Pactual S.A. bought a new position in Grupo Supervielle during the 4th quarter worth $211,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Grupo Supervielle during the third quarter worth $91,000.

Analyst Upgrades and Downgrades

SUPV has been the subject of several recent research reports. Zacks Research raised Grupo Supervielle from a “strong sell” rating to a “hold” rating in a report on Thursday, May 7th. UBS Group decreased their price objective on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, July 10th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. upped their price target on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Grupo Supervielle presently has an average rating of “Hold” and a consensus price target of $13.17.

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.