Grupo Supervielle (NYSE:SUPV) Sets New 12-Month Low – Should You Sell?

Grupo Supervielle S.A. (NYSE:SUPV) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as $5.91 and last traded at $5.95, with a volume of 96,575 shares changing hands. The stock had previously closed at $6.08.

Analysts Set New Price Targets

SUPV has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a report on Tuesday, October 13th. UBS Group decreased their price objective on Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, July 10th. Finally, Zacks Research raised Grupo Supervielle from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.17.

Grupo Supervielle Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $520.05 million, a price-to-earnings ratio of -9.44 and a beta of 1.54. The firm has a fifty day simple moving average of $7.70 and a two-hundred day simple moving average of $9.07.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SUPV. Engineers Gate Manager LP lifted its stake in shares of Grupo Supervielle by 96.4% during the second quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock worth $892,000 after buying an additional 45,325 shares during the period. Bank of America Corp DE grew its holdings 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 buying an additional 14,365 shares during the last quarter. Finally, Titan Global Capital Management USA LLC grew its holdings 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 buying an additional 5,245 shares during the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle SA is an Argentine financial services holding company whose principal subsidiary is Banco Supervielle SA The group provides banking and related financial products to individuals, small and medium-sized businesses, corporations, and other institutional customers, primarily in Argentina.

Through its businesses, Grupo Supervielle offers savings and checking accounts, deposits, consumer and commercial lending, mortgages, credit and debit cards, electronic banking, payment services, and treasury products.