Grupo Supervielle (NYSE:SUPV) Shares Gap Down – Should You Sell?

Grupo Supervielle S.A. (NYSE:SUPV)’s stock price 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 traded.

Analysts Set New Price Targets

SUPV has been the subject of several recent research reports. 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 report on Thursday, December 12th. Morgan Stanley upgraded Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research report on Monday, December 16th.

Grupo Supervielle Stock Performance

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 firm has a market cap of $1.28 billion, a PE ratio of 20.11 and a beta of 1.95. The stock’s 50 day moving average price is $16.03 and its 200 day moving average price is $11.15.

Grupo Supervielle (NYSE:SUPV) last announced 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%. As a group, equities 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

Several hedge funds have recently modified their holdings of the stock. Precision Wealth Strategies LLC acquired a new stake in Grupo Supervielle in the third quarter valued at approximately $317,000. Dynamic Technology Lab Private Ltd purchased a new stake in Grupo Supervielle during the 3rd quarter worth $145,000. Quantbot Technologies LP increased its stake in Grupo Supervielle by 212.9% during the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock worth $205,000 after buying an additional 19,602 shares during the period. BNP Paribas Financial Markets lifted its holdings in Grupo Supervielle by 449.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 61,303 shares of the company’s stock worth $436,000 after buying an additional 50,138 shares in the last quarter. Finally, Freedom Investment Management Inc. purchased a new position in Grupo Supervielle in the 3rd quarter valued at about $519,000.

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.