Grupo Supervielle (NYSE:SUPV) Lowered to Sell at Citigroup

Citigroup cut shares of Grupo Supervielle (NYSE:SUPV) from a neutral rating to a sell rating in a research report sent to investors on Thursday, Briefing.com Automated Import reports.

A number of other brokerages have also recently issued reports on SUPV. Morgan Stanley cut Grupo Supervielle from an overweight rating to an underweight rating in a report on Monday, August 12th. Bank of America lowered Grupo Supervielle from a neutral rating to an underperform rating and lowered their price target for the company from $9.00 to $2.00 in a research report on Thursday. Scotiabank began coverage on Grupo Supervielle in a research report on Wednesday, August 7th. They issued an underperform rating for the company. Zacks Investment Research raised Grupo Supervielle from a strong sell rating to a hold rating in a research report on Friday, July 26th. Finally, ValuEngine lowered Grupo Supervielle from a sell rating to a strong sell rating in a research report on Monday, August 12th. Six equities research analysts have rated the stock with a sell rating and one has given a hold rating to the company. The company currently has an average rating of Sell and an average target price of $9.80.

Shares of SUPV opened at $3.06 on Thursday. Grupo Supervielle has a 12-month low of $2.25 and a 12-month high of $11.62. The business’s fifty day moving average is $4.18 and its 200 day moving average is $6.06. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.68. The stock has a market cap of $273.12 million, a P/E ratio of 3.98 and a beta of 0.53.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Provida Pension Fund Administrator purchased a new stake in shares of Grupo Supervielle during the 2nd quarter valued at $698,000. Newfoundland Capital Management increased its holdings in Grupo Supervielle by 97.5% in the 2nd quarter. Newfoundland Capital Management now owns 244,280 shares of the company’s stock worth $1,925,000 after acquiring an additional 120,580 shares during the last quarter. United Services Automobile Association increased its holdings in Grupo Supervielle by 58.0% in the 2nd quarter. United Services Automobile Association now owns 379,906 shares of the company’s stock worth $2,994,000 after acquiring an additional 139,419 shares during the last quarter. Pictet Asset Management Ltd. purchased a new stake in Grupo Supervielle in the 2nd quarter worth about $27,000. Finally, Victory Capital Management Inc. increased its holdings in Grupo Supervielle by 19.8% in the 2nd quarter. Victory Capital Management Inc. now owns 21,000 shares of the company’s stock worth $165,000 after acquiring an additional 3,474 shares during the last quarter. 18.80% of the stock is owned by institutional investors and hedge funds.

About Grupo Supervielle

Grupo Supervielle SA, a financial services holding company, provides banking products and services in Argentina. The company operates through Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance, and Asset Management & Other Services segments. It accepts deposit accounts; and offers personal loans, foreign trade finance, and loans to the middle and lower-middle-income sectors.

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