Grupo Supervielle (NYSE:SUPV) Downgraded to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of Grupo Supervielle (NYSE:SUPV) from a hold rating to a strong sell rating in a research note issued to investors on Monday.

Several other analysts have also recently weighed in on the stock. Weiss Ratings cut shares of Grupo Supervielle from a “hold (c-)” rating to a “sell (d)” rating in a report on Tuesday, January 20th. Citigroup raised shares of Grupo Supervielle from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Itau BBA Securities began coverage on shares of Grupo Supervielle in a research report on Wednesday, December 10th. They set an “outperform” rating and a $15.00 price objective for the company. UBS Group began coverage on shares of Grupo Supervielle in a research note on Wednesday, November 19th. They set a “neutral” rating and a $13.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Grupo Supervielle presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Grupo Supervielle Stock Performance

NYSE:SUPV opened at $10.42 on Monday. Grupo Supervielle has a 52 week low of $4.54 and a 52 week high of $17.02. The company has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $9.60. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. The company has a market cap of $911.92 million, a price-to-earnings ratio of 86.81, a price-to-earnings-growth ratio of 12.38 and a beta of 1.71.

Grupo Supervielle (NYSE:SUPV) last released its earnings results on Tuesday, November 25th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.46). Grupo Supervielle had a net margin of 0.69% and a return on equity of 1.15%. The company had revenue of $178.38 million during the quarter, compared to analysts’ expectations of $252.85 billion. As a group, equities analysts anticipate that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Titan Global Capital Management USA LLC grew its holdings in shares of Grupo Supervielle by 5.3% during the second quarter. Titan Global Capital Management USA LLC now owns 54,048 shares of the company’s stock worth $572,000 after purchasing an additional 2,711 shares during the last quarter. Wells Fargo & Company MN acquired a new stake in shares of Grupo Supervielle in the 4th quarter valued at about $55,000. Van ECK Associates Corp boosted its position in shares of 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. Insigneo Advisory Services LLC grew its stake in Grupo Supervielle by 5.6% during the 3rd quarter. Insigneo Advisory Services LLC now owns 101,363 shares of the company’s stock worth $502,000 after buying an additional 5,361 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Grupo Supervielle by 29.3% during the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock worth $281,000 after buying an additional 6,000 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.