Grupo Supervielle (NYSE:SUPV) Trading 8.1% Higher – Here’s Why

Grupo Supervielle S.A. (NYSE:SUPV)’s share price rose 8.1% on Friday . The company traded as high as $8.32 and last traded at $8.27. 819,280 shares changed hands during trading, a decline of 1% from the average session volume of 827,491 shares. The stock had previously closed at $7.65.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SUPV. UBS Group reduced their price target 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. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. boosted their target price on shares of Grupo Supervielle from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Grupo Supervielle currently has an average rating of “Hold” and a consensus price target of $13.17.

Grupo Supervielle Stock Performance

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 has a market cap of $689.02 million, a PE ratio of -12.49 and a beta of 1.60. The firm has a fifty day moving average price of $9.45 and a 200 day moving average price of $9.37.

Grupo Supervielle (NYSE:SUPV) last announced its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. Grupo Supervielle had a negative return on equity of 2.71% and a negative net margin of 3.60%.The firm had revenue of $233.55 million for the quarter. Research analysts forecast that Grupo Supervielle S.A. will post 0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN purchased a new position in shares of Grupo Supervielle in the 4th quarter valued at approximately $55,000. Schonfeld Strategic Advisors LLC purchased a new stake in Grupo Supervielle during the 3rd quarter worth approximately $91,000. Centiva Capital LP purchased a new stake in Grupo Supervielle during the 3rd quarter worth approximately $101,000. Van ECK Associates Corp increased its stake in Grupo Supervielle by 101.5% during 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Grupo Supervielle during the 3rd quarter valued at approximately $164,000.

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.