Wall Street Zen Upgrades Grupo Supervielle (NYSE:SUPV) to “Hold”

Grupo Supervielle (NYSE:SUPV) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Friday.

Grupo Supervielle Trading Down 1.3%

Shares of SUPV stock opened at $13.01 on Friday. 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 fifty day simple moving average of $14.38 and a 200-day simple moving average of $14.47. Grupo Supervielle has a fifty-two week low of $5.00 and a fifty-two week high of $19.75. The stock has a market cap of $1.15 billion, a P/E ratio of 18.07 and a beta of 1.93.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings results on Tuesday, May 27th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). Grupo Supervielle had a return on equity of 15.92% and a net margin of 5.80%. The firm had revenue of $180.66 billion for the quarter, compared to analysts’ expectations of $258.16 billion. On average, analysts forecast that Grupo Supervielle will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. PointState Capital LP lifted its position in shares of Grupo Supervielle by 30.1% in the 1st quarter. PointState Capital LP now owns 2,467,243 shares of the company’s stock worth $32,222,000 after buying an additional 570,523 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Grupo Supervielle by 16.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,634,873 shares of the company’s stock valued at $21,351,000 after purchasing an additional 225,486 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Grupo Supervielle by 5.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,468,764 shares of the company’s stock worth $22,193,000 after buying an additional 75,129 shares in the last quarter. Brevan Howard Capital Management LP lifted its position in Grupo Supervielle by 585.4% in the fourth quarter. Brevan Howard Capital Management LP now owns 1,295,497 shares of the company’s stock worth $19,724,000 after purchasing an additional 1,106,497 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in Grupo Supervielle by 6.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,227,122 shares of the company’s stock worth $18,542,000 after acquiring an additional 69,197 shares in the last quarter.

Grupo Supervielle Company Profile

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.