Grupo Supervielle (NYSE:SUPV) Stock Rating Upgraded by Zacks Research

Grupo Supervielle (NYSE:SUPV) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other brokerages also recently commented on SUPV. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Grupo Supervielle in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. lowered their price target on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Two research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Stock Down 6.8%

Shares of Grupo Supervielle stock opened at $8.00 on Thursday. Grupo Supervielle has a 12-month low of $4.54 and a 12-month high of $16.90. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $9.03 and a two-hundred day moving average price of $10.33. The stock has a market capitalization of $700.31 million, a P/E ratio of -22.22 and a beta of 1.55.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) EPS for the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. The firm had revenue of $145.40 million during the quarter. Equities analysts expect that Grupo Supervielle will post 0.61 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN acquired a new position in Grupo Supervielle during the 4th quarter valued at $55,000. Van ECK Associates Corp grew its position in Grupo Supervielle by 101.5% in the 4th 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 last quarter. Titan Global Capital Management USA LLC increased its holdings in shares of Grupo Supervielle by 5.7% during the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock worth $912,000 after purchasing an additional 5,245 shares during the period. Insigneo Advisory Services LLC increased its holdings in shares of 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 purchasing an additional 5,361 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Grupo Supervielle by 29.3% during the second quarter. Cetera Investment Advisers now owns 26,500 shares of the company’s stock valued at $281,000 after buying an additional 6,000 shares during the last quarter.

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.