Grupo Supervielle (NYSE:SUPV) Stock Price Down 4.2% – Here’s What Happened

Grupo Supervielle S.A. (NYSE:SUPV) shares fell 4.2% during trading on Friday . The company traded as low as $16.35 and last traded at $16.37. 608,899 shares traded hands during trading, a decline of 62% from the average session volume of 1,618,164 shares. The stock had previously closed at $17.09.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target for the company in a research report on Thursday, December 12th. Morgan Stanley raised shares of Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target on the stock in a report on Monday, December 16th.

Grupo Supervielle Trading Down 2.6 %

The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 23.15 and a beta of 1.96. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $14.52 and a 200 day moving average of $9.92.

Grupo Supervielle (NYSE:SUPV) last released its earnings results on Monday, November 25th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Grupo Supervielle had a return on equity of 15.92% and a net margin of 5.80%. On average, research analysts forecast that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Institutional Trading of Grupo Supervielle

A number of hedge funds have recently added to or reduced their stakes in SUPV. TT International Asset Management LTD lifted its holdings in shares of Grupo Supervielle by 539.9% during the 4th quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock worth $1,754,000 after acquiring an additional 97,946 shares during the period. Jane Street Group LLC acquired a new position in Grupo Supervielle during the third quarter worth approximately $749,000. GAMMA Investing LLC raised its stake in Grupo Supervielle by 151.4% during the fourth quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after purchasing an additional 4,349 shares during the period. Sparta 24 Ltd. acquired a new position in shares of Grupo Supervielle in the 4th quarter valued at $2,192,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Grupo Supervielle by 129.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock valued at $2,663,000 after buying an additional 211,166 shares during the period.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal & Business Banking, Corporate Banking, Bank Treasury, Consumer Finance, Insurance, and Asset Management and Other Services segments. It offers savings accounts, time and demand deposits, and checking accounts; various loan products, including personal, consumer, mortgage, unsecured, and car loans; overdrafts; loans with special facilities for project and working capital financing; and leasing, bank guarantees for tenants, salary advances, domestic and international factoring, international guarantees and letters of credit, payroll payment plans, credit and debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.