Zacks Investment Research Upgrades Grupo Supervielle (SUPV) to “Hold”

Grupo Supervielle (NYSE:SUPV) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “

Several other equities analysts have also issued reports on the stock. ValuEngine lowered shares of Grupo Supervielle from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 8th. UBS Group lowered shares of Grupo Supervielle from a “neutral” rating to a “sell” rating in a report on Monday, June 25th. Finally, Santander raised shares of Grupo Supervielle from a “hold” rating to a “buy” rating in a report on Friday, May 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Grupo Supervielle presently has a consensus rating of “Hold” and a consensus target price of $30.33.



SUPV stock traded down $0.54 during trading on Wednesday, hitting $9.67. 4,900 shares of the company’s stock traded hands, compared to its average volume of 740,899. The firm has a market cap of $804.73 million, a price-to-earnings ratio of 5.14, a PEG ratio of 0.25 and a beta of 0.82. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.05. Grupo Supervielle has a 1 year low of $9.75 and a 1 year high of $33.85.

Grupo Supervielle (NYSE:SUPV) last issued its quarterly earnings data on Monday, May 21st. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.09). The business had revenue of $196.42 million for the quarter. Grupo Supervielle had a net margin of 11.54% and a return on equity of 20.98%. analysts anticipate that Grupo Supervielle will post 1.8 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of SUPV. Highland Capital Management LP grew its holdings in Grupo Supervielle by 58.8% in the second quarter. Highland Capital Management LP now owns 530,205 shares of the company’s stock worth $5,610,000 after purchasing an additional 196,360 shares during the last quarter. Capital Fund Management S.A. grew its holdings in Grupo Supervielle by 266.0% in the second quarter. Capital Fund Management S.A. now owns 35,500 shares of the company’s stock worth $376,000 after purchasing an additional 25,800 shares during the last quarter. Indus Capital Partners LLC purchased a new position in Grupo Supervielle in the second quarter worth $964,000. Van ECK Associates Corp grew its holdings in Grupo Supervielle by 13.3% in the second quarter. Van ECK Associates Corp now owns 1,243,886 shares of the company’s stock worth $13,160,000 after purchasing an additional 146,000 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Grupo Supervielle in the second quarter worth $2,181,000. 55.82% of the stock is currently owned by institutional investors.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

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