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

Grupo Supervielle S.A. (NYSE:SUPV) shares gapped up prior to trading on Tuesday following a stronger than expected earnings report. 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 changing hands.

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

Analyst Ratings Changes

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

Institutional Investors Weigh In On Grupo Supervielle

A number of large investors have recently made changes to their positions in SUPV. Bank of America Corp DE lifted its position in shares of Grupo Supervielle by 285.5% in the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock valued at $183,000 after acquiring an additional 14,365 shares in the last quarter. Titan Global Capital Management USA LLC grew its position in 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 in the last quarter. Deltec Asset Management LLC acquired a new stake in Grupo Supervielle during the 1st quarter valued at $438,000. PointState Capital LP raised its stake in Grupo Supervielle by 81.5% during the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after purchasing an additional 682,294 shares during the period. Finally, State of Wisconsin Investment Board purchased a new stake in shares of Grupo Supervielle in the fourth quarter valued at $1,192,000.

Grupo Supervielle Price Performance

The company has a market cap of $779.16 million, a PE ratio of -15.19 and a beta of 1.60. The stock has a fifty day moving average price of $9.79 and a 200-day moving average price of $9.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 1.00.

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.