Grupo Supervielle (SUPV) Downgraded by Zacks Investment Research to Sell

Grupo Supervielle (NYSE:SUPV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, January 5th.

According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “

A number of other research analysts have also recently weighed in on the stock. BidaskClub cut shares of Grupo Supervielle from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. JPMorgan Chase & Co. started coverage on shares of Grupo Supervielle in a report on Tuesday, November 21st. They issued an “overweight” rating and a $29.00 price objective for the company. Finally, UBS Group lifted their price objective on shares of Grupo Supervielle from $24.00 to $26.00 and gave the company a “buy” rating in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $26.33.

Grupo Supervielle (SUPV) traded down $0.88 on Friday, reaching $31.89. 427,278 shares of the company’s stock were exchanged, compared to its average volume of 410,779. Grupo Supervielle has a one year low of $13.99 and a one year high of $33.85. The stock has a market capitalization of $2,130.00 and a PE ratio of 22.78.

Grupo Supervielle (NYSE:SUPV) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Grupo Supervielle had a net margin of 11.11% and a return on equity of 23.29%. analysts predict that Grupo Supervielle will post 1.75 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Winslow Evans & Crocker Inc. acquired a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $104,000. Commonwealth Bank of Australia grew its position in shares of Grupo Supervielle by 257.0% in the third quarter. Commonwealth Bank of Australia now owns 10,755 shares of the company’s stock valued at $264,000 after purchasing an additional 7,742 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Grupo Supervielle in the fourth quarter valued at about $291,000. Invictus RG acquired a new stake in shares of Grupo Supervielle in the third quarter valued at about $413,000. Finally, DnB Asset Management AS grew its position in shares of Grupo Supervielle by 11.0% in the fourth quarter. DnB Asset Management AS now owns 23,200 shares of the company’s stock valued at $680,000 after purchasing an additional 2,300 shares during the period. Institutional investors and hedge funds own 58.62% of the company’s stock.

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About Grupo Supervielle

Grupo Supervielle SA is an Argentina-based holding company primarily engaged in the financial sector. The Company provides services through numerous subsidiaries, such as Banco Supervielle SA, that offers bank services, mainly to individuals and commercial customers; Cordial Compania Financiera SA, which focuses on credit card issuing, as well as providing consumer loans and insurance for Wal-Mart Argentina customers; Tarjeta Automatica SA, which issues and administrates credit cards; Cordial Microfinanzas SA, that offers financing for urban micro-enterprises; Supervielle Seguros SA, which sells insurance products; Supervielle Asset Management Sociedad Gerente de FCI SA, which manages investment funds, and Espacio Cordial Servicios SA, that distributes audio and video equipment, computers, home appliance and air conditioning units, among others.

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