Ping Capital Management Inc. Boosts Stock Holdings in Grupo Supervielle S.A. $SUPV

Ping Capital Management Inc. raised its stake in Grupo Supervielle S.A. (NYSE:SUPV) by 26.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 434,000 shares of the company’s stock after purchasing an additional 89,500 shares during the quarter. Grupo Supervielle comprises approximately 1.5% of Ping Capital Management Inc.’s holdings, making the stock its 13th biggest holding. Ping Capital Management Inc.’s holdings in Grupo Supervielle were worth $5,130,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mak Capital One LLC boosted its holdings in Grupo Supervielle by 36.7% in the third quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after acquiring an additional 1,074,732 shares during the last quarter. Sparta 24 Ltd. grew its position in Grupo Supervielle by 39,572.6% during the third quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock valued at $4,963,000 after acquiring an additional 999,999 shares during the period. Jump Financial LLC increased its stake in Grupo Supervielle by 339.2% during the third quarter. Jump Financial LLC now owns 580,486 shares of the company’s stock worth $2,873,000 after acquiring an additional 448,330 shares during the last quarter. Verition Fund Management LLC increased its stake in Grupo Supervielle by 264.3% during the third quarter. Verition Fund Management LLC now owns 532,789 shares of the company’s stock worth $2,637,000 after acquiring an additional 386,524 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Grupo Supervielle by 151.2% in the 3rd quarter. UBS Group AG now owns 567,393 shares of the company’s stock worth $2,809,000 after purchasing an additional 341,539 shares during the period.

Grupo Supervielle Price Performance

SUPV opened at $7.89 on Friday. The company has a market capitalization of $690.39 million, a P/E ratio of -21.90 and a beta of 1.78. The company has a 50-day moving average of $9.16 and a 200-day moving average of $10.23. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. Grupo Supervielle S.A. has a 1-year low of $4.54 and a 1-year high of $16.90.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $145.40 million during the quarter. Grupo Supervielle had a negative return on equity of 3.99% and a negative net margin of 2.18%. Equities analysts expect that Grupo Supervielle S.A. will post 0.6 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SUPV shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Zacks Research lowered shares of Grupo Supervielle from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. JPMorgan Chase & Co. reduced their price target on shares of Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Finally, Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Grupo Supervielle currently has an average rating of “Hold” and a consensus target price of $13.00.

Grupo Supervielle 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.