Grupo Supervielle (NYSE:SUPV) Shares Gap Up – Time to Buy?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $6.86, but opened at $7.30. Grupo Supervielle shares last traded at $7.17, with a volume of 178,284 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SUPV shares. UBS Group lowered 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. boosted 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. Two equities research 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’s stock. According to MarketBeat.com, Grupo Supervielle currently has an average rating of “Hold” and an average target price of $13.17.

Grupo Supervielle Trading Up 1.1%

The firm has a market capitalization of $651.37 million, a price-to-earnings ratio of -11.81 and a beta of 1.54. The business’s 50 day moving average price is $8.28 and its 200-day moving average price is $8.96. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.92 and a quick ratio of 0.92.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $0.10 EPS for the quarter. Grupo Supervielle had a negative net margin of 3.60% and a negative return on equity of 2.67%. The firm had revenue of $233.55 million during the quarter. Equities analysts forecast that Grupo Supervielle S.A. will post 0.44 EPS for the current fiscal year.

Institutional Trading of Grupo Supervielle

Institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP raised its position in Grupo Supervielle by 96.4% in the second quarter. Engineers Gate Manager LP now owns 92,343 shares of the company’s stock worth $892,000 after acquiring an additional 45,325 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Grupo Supervielle by 285.5% during the 1st quarter. Bank of America Corp DE now owns 19,397 shares of the company’s stock worth $183,000 after purchasing an additional 14,365 shares in the last quarter. Titan Global Capital Management USA LLC grew its stake 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. Finally, Deltec Asset Management LLC acquired a new position in shares of Grupo Supervielle during the 1st quarter worth $438,000.

Grupo Supervielle Company Profile

Grupo Supervielle SA is an Argentine financial services holding company whose principal business is conducted through Banco Supervielle SA The group provides banking and related financial services to individuals, small and medium-sized businesses, corporate customers and retirees throughout Argentina.

Banco Supervielle offers deposit accounts, personal and commercial loans, mortgage and secured lending, credit and debit cards, payment services, electronic and mobile banking, and investment products.