Grupo Supervielle (NYSE:SUPV) Stock Gets Downgrade from Zacks Research

Grupo Supervielle (NYSE:SUPV) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research note on Tuesday, October 13th. One analyst has 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 data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $13.17.

Grupo Supervielle Trading Down 1.2%

NYSE SUPV opened at $5.75 on Monday. The company has a market cap of $503.21 million, a PE ratio of -9.12 and a beta of 1.65. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. Grupo Supervielle has a 12 month low of $5.45 and a 12 month high of $12.63. The stock has a 50 day moving average of $7.36 and a 200-day moving average of $8.92.

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

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Titan Global Capital Management USA LLC increased its holdings in shares of Grupo Supervielle by 5.7% in the first quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after purchasing an additional 5,245 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Grupo Supervielle by 96.4% during the 2nd 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. Finally, Bank of America Corp DE grew its stake in 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 buying an additional 14,365 shares during the last quarter.

Grupo Supervielle Company Profile

Grupo Supervielle is an Argentina-based financial services holding company serving individuals, small and midsize businesses, and corporate clients. Its businesses provide banking and related services through a range of subsidiaries and brands. Its offerings include personal and commercial banking, deposits, loans, credit cards, payment services, consumer financing, insurance, investment brokerage, and asset management. Banco Supervielle is the group’s principal banking operation, alongside businesses focused on financial and investment services.