Grupo Supervielle (NYSE:SUPV) Trading Up 10.2% – Time to Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) traded up 10.2% during mid-day trading on Wednesday . The company traded as high as $9.21 and last traded at $9.3040. 1,249,306 shares traded hands during trading, an increase of 35% from the average session volume of 923,477 shares. The stock had previously closed at $8.44.

Analyst Ratings Changes

SUPV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grupo Supervielle in a research note on Friday, April 17th. Wall Street Zen upgraded shares of Grupo Supervielle from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Grupo Supervielle from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.00.

Grupo Supervielle Trading Up 9.5%

The company’s fifty day moving average is $8.74 and its 200-day moving average is $10.16. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $809.31 million, a PE ratio of -25.68 and a beta of 1.55.

Grupo Supervielle (NYSE:SUPV) last announced its quarterly earnings results on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. The company had revenue of $145.40 million during the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. On average, analysts anticipate that Grupo Supervielle S.A. will post 0.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Grupo Supervielle

A number of large investors have recently added to or reduced their stakes in SUPV. Wells Fargo & Company MN purchased a new position in Grupo Supervielle in the fourth quarter worth $55,000. Schonfeld Strategic Advisors LLC purchased a new position in Grupo Supervielle during the 3rd quarter worth $91,000. Centiva Capital LP acquired a new position in Grupo Supervielle during the 3rd quarter valued at about $101,000. Van ECK Associates Corp boosted its holdings in Grupo Supervielle by 101.5% in the fourth quarter. Van ECK Associates Corp now owns 9,265 shares of the company’s stock worth $110,000 after acquiring an additional 4,666 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Grupo Supervielle during the third quarter worth about $164,000.

Grupo Supervielle Company Profile

Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.

Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.