Grupo Supervielle (NYSE:SUPV) Stock Rating Cut to “Hold” at Zacks Research

Grupo Supervielle (NYSE:SUPV) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Tuesday, October 13th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.17.

Grupo Supervielle Stock Down 1.2%

Grupo Supervielle stock opened at $5.75 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $503.21 million, a price-to-earnings ratio of -9.12 and a beta of 1.65. Grupo Supervielle has a fifty-two week low of $5.45 and a fifty-two week high of $12.63. The stock’s fifty day moving average is $7.36 and its two-hundred day moving average is $8.92.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $233.55 million during the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%. Analysts predict that Grupo Supervielle will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

Hedge funds have recently bought and sold shares of the stock. Engineers Gate Manager LP raised its holdings in shares of Grupo Supervielle by 96.4% in the second quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock worth $892,000 after acquiring an additional 45,325 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Grupo Supervielle by 285.5% during the first quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after acquiring an additional 14,365 shares during the last quarter. Finally, Titan Global Capital Management USA LLC boosted its stake in shares of Grupo Supervielle by 5.7% during the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after acquiring an additional 5,245 shares during the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle is an Argentina-based financial services holding company serving individuals, small and midsize businesses, and corporate clients. Its businesses provide banking and related services through a range of subsidiaries and brands. Its offerings include personal and commercial banking, deposits, loans, credit cards, payment services, consumer financing, insurance, investment brokerage, and asset management. Banco Supervielle is the group’s principal banking operation, alongside businesses focused on financial and investment services.