Grupo Supervielle (NYSE:SUPV) Shares Gap Up Following Strong Earnings

Grupo Supervielle S.A. (NYSE:SUPV) shares gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $8.48, but opened at $8.86. Grupo Supervielle shares last traded at $9.0240, with a volume of 212,782 shares traded.

The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $233.55 million for the quarter. Grupo Supervielle had a negative return on equity of 4.40% and a negative net margin of 3.46%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a report on Wednesday, July 15th. JPMorgan Chase & Co. upped their target price on Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Wall Street Zen upgraded Grupo Supervielle from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research upgraded Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, UBS Group cut their price target on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Grupo Supervielle presently has a consensus rating of “Hold” and an average price target of $13.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SUPV. Wells Fargo & Company MN bought a new position in shares of Grupo Supervielle in the fourth quarter worth $55,000. Schonfeld Strategic Advisors LLC acquired a new stake in Grupo Supervielle in the third quarter worth about $91,000. Centiva Capital LP acquired a new stake in Grupo Supervielle in the third quarter worth about $101,000. Van ECK Associates Corp lifted its holdings in Grupo Supervielle by 101.5% in the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after purchasing an additional 4,666 shares during the period. Finally, Quantbot Technologies LP bought a new position in Grupo Supervielle in the 3rd quarter valued at about $164,000.

Grupo Supervielle Stock Up 5.0%

The stock has a market cap of $779.16 million, a P/E ratio of -15.19 and a beta of 1.60. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average is $9.79 and its 200-day moving average is $9.60.

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.