Grupo Supervielle (NYSE:SUPV) Shares Gap Down – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV) shares gapped down before the market opened on Tuesday . The stock had previously closed at $14.59, but opened at $13.72. Grupo Supervielle shares last traded at $14.33, with a volume of 344,296 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of 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 Stock Performance

The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 20.53 and a beta of 1.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $16.11 and a 200-day simple moving average of $11.24.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings results on Monday, November 25th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Grupo Supervielle had a net margin of 5.80% and a return on equity of 15.92%. On average, analysts anticipate that Grupo Supervielle S.A. will post 1.5 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

A number of hedge funds have recently bought and sold shares of SUPV. TT International Asset Management LTD lifted its holdings in Grupo Supervielle by 539.9% during the 4th quarter. TT International Asset Management LTD now owns 116,086 shares of the company’s stock worth $1,754,000 after buying an additional 97,946 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Grupo Supervielle during the 3rd quarter valued at approximately $749,000. Koshinski Asset Management Inc. bought a new position in Grupo Supervielle during the fourth quarter worth $289,000. Sparta 24 Ltd. acquired a new position in Grupo Supervielle in the fourth quarter worth $2,192,000. Finally, JPMorgan Chase & Co. boosted its holdings in Grupo Supervielle by 129.3% in the third quarter. JPMorgan Chase & Co. now owns 374,515 shares of the company’s stock worth $2,663,000 after purchasing an additional 211,166 shares during the period.

About Grupo Supervielle

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.