Grupo Supervielle (NYSE:SUPV) Shares Gap Up – Still a Buy?

Shares of Grupo Supervielle S.A. (NYSE:SUPV) gapped up prior to trading on Friday. The stock had previously closed at $7.01, but opened at $7.37. Grupo Supervielle shares last traded at $7.2640, with a volume of 16,752 shares changing hands.

Analyst Ratings Changes

Several research analysts recently commented on SUPV shares. JPMorgan Chase & Co. raised their price target on shares of Grupo Supervielle from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Zacks Research upgraded shares of Grupo Supervielle from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. UBS Group cut their price target on shares of Grupo Supervielle from $13.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, July 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Grupo Supervielle in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.17.

Grupo Supervielle Price Performance

The company has a fifty day moving average price of $7.98 and a two-hundred day moving average price of $8.89. The firm has a market cap of $635.18 million, a P/E ratio of -11.48 and a beta of 1.54. 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 (NYSE:SUPV) last released its earnings results on Tuesday, June 30th. The company reported $0.10 earnings per share (EPS) for the quarter. The business had revenue of $233.55 million for the quarter. Grupo Supervielle had a negative return on equity of 2.67% and a negative net margin of 3.60%. Equities analysts anticipate that Grupo Supervielle S.A. will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Several institutional investors and hedge funds have recently bought and sold shares of SUPV. Engineers Gate Manager LP increased its position in 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 purchasing an additional 45,325 shares in the last quarter. Bank of America Corp DE lifted its holdings in Grupo Supervielle by 285.5% in the first 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 period. Titan Global Capital Management USA LLC increased its stake in shares of Grupo Supervielle by 5.7% in the 1st quarter. Titan Global Capital Management USA LLC now owns 96,768 shares of the company’s stock valued at $912,000 after acquiring an additional 5,245 shares in the last quarter. Finally, Deltec Asset Management LLC bought a new stake in shares of Grupo Supervielle during the first quarter worth about $438,000.

Grupo Supervielle Company Profile

Grupo Supervielle SA is an Argentine financial services holding company whose principal business is conducted through Banco Supervielle SA The group provides banking and related financial services to individuals, small and medium-sized businesses, corporate customers and retirees throughout Argentina.

Banco Supervielle offers deposit accounts, personal and commercial loans, mortgage and secured lending, credit and debit cards, payment services, electronic and mobile banking, and investment products.