Grupo Supervielle (NYSE:SUPV) Trading Up 6.6% – What’s Next?

Grupo Supervielle S.A. (NYSE:SUPV)’s share price was up 6.6% on Thursday . The company traded as high as $8.30 and last traded at $8.29. Approximately 585,500 shares changed hands during trading, a decline of 52% from the average daily volume of 1,219,520 shares. The stock had previously closed at $7.78.

Analysts Set New Price Targets

Separately, Bank of America upgraded Grupo Supervielle from an “underperform” rating to a “neutral” rating and set a $7.00 price objective for the company in a report on Thursday, August 8th.

Grupo Supervielle Stock Performance

The firm has a fifty day moving average price of $7.64 and a 200 day moving average price of $6.89. The stock has a market cap of $806.53 million, a PE ratio of 8.41 and a beta of 2.03.

Grupo Supervielle (NYSE:SUPV) last released its earnings results on Wednesday, August 14th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. Grupo Supervielle had a return on equity of 19.09% and a net margin of 5.56%. The firm had revenue of $276.87 million for the quarter. On average, equities research analysts forecast that Grupo Supervielle S.A. will post 1.29 earnings per share for the current year.

Hedge Funds Weigh In On Grupo Supervielle

Several hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Grupo Supervielle by 1,262.1% during the 1st quarter. BNP Paribas Financial Markets now owns 17,735 shares of the company’s stock worth $101,000 after purchasing an additional 16,433 shares during the period. Quadrature Capital Ltd grew its position in shares of Grupo Supervielle by 162.4% during the 4th quarter. Quadrature Capital Ltd now owns 41,080 shares of the company’s stock valued at $168,000 after acquiring an additional 25,425 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Grupo Supervielle during the 1st quarter valued at about $173,000. Precision Wealth Strategies LLC acquired a new stake in shares of Grupo Supervielle during the 3rd quarter valued at about $317,000. Finally, Caxton Associates LP acquired a new stake in shares of Grupo Supervielle during the 1st quarter valued at about $273,000.

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.