Grupo Supervielle (NYSE:SUPV) Stock Price Down 4.2% – Should You Sell?

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

Analysts Set New Price Targets

Several brokerages have recently commented on SUPV. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 target price for the company in a research note 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 objective for the company in a research report on Monday, December 16th.

Grupo Supervielle Price Performance

The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 23.13 and a beta of 1.96. The company’s 50-day simple moving average is $14.78 and its 200-day simple moving average is $10.07. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.86 and a quick ratio of 0.86.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings results on Monday, November 25th. The company reported $0.11 earnings per share 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%. Research analysts forecast that Grupo Supervielle S.A. will post 1.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Grupo Supervielle

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its position 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 acquiring an additional 4,349 shares during the period. Centiva Capital LP acquired a new position in shares of Grupo Supervielle during the 3rd quarter worth approximately $127,000. Koshinski Asset Management Inc. bought a new position in shares of Grupo Supervielle during the fourth quarter worth approximately $289,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Grupo Supervielle in the third quarter valued at approximately $145,000. Finally, Quantbot Technologies LP boosted its stake in shares of Grupo Supervielle by 212.9% in the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after buying an additional 19,602 shares during the period.

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.