Grupo Supervielle S.A. (NYSE:SUPV) Shares Sold by Ping Capital Management Inc.

Ping Capital Management Inc. reduced its holdings in shares of Grupo Supervielle S.A. (NYSE:SUPV) by 9.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 359,300 shares of the company’s stock after selling 37,700 shares during the quarter. Grupo Supervielle accounts for about 1.3% of Ping Capital Management Inc.’s holdings, making the stock its 9th biggest position. Ping Capital Management Inc. owned approximately 0.41% of Grupo Supervielle worth $5,429,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Precision Wealth Strategies LLC purchased a new stake in Grupo Supervielle in the third quarter worth $317,000. Dynamic Technology Lab Private Ltd purchased a new stake in Grupo Supervielle during the third quarter valued at about $145,000. Quantbot Technologies LP lifted its holdings in Grupo Supervielle by 212.9% during the third quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after purchasing an additional 19,602 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Grupo Supervielle by 449.1% in the third quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock worth $436,000 after purchasing an additional 50,138 shares in the last quarter. Finally, Freedom Investment Management Inc. bought a new stake in shares of Grupo Supervielle in the third quarter valued at approximately $519,000.

Grupo Supervielle Stock Up 0.3 %

Shares of NYSE SUPV opened at $16.02 on Wednesday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 22.25 and a beta of 1.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07. The firm’s fifty day moving average is $15.51 and its 200 day moving average is $10.60. Grupo Supervielle S.A. has a 52 week low of $3.70 and a 52 week high of $19.75.

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

Analyst Ratings Changes

SUPV has been the subject of a number of analyst reports. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 price target for the company in a report on Monday, December 16th. 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 report on Thursday, December 12th.

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.