Grupo Supervielle S.A. (NYSE:SUPV) Short Interest Up 25.1% in April
by Scott Moore · The Cerbat GemGrupo Supervielle S.A. (NYSE:SUPV – Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 2,726,869 shares, an increase of 25.1% from the March 31st total of 2,180,188 shares. Based on an average trading volume of 570,864 shares, the short-interest ratio is currently 4.8 days. Currently, 3.1% of the shares of the stock are short sold.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Mak Capital One LLC raised its holdings in Grupo Supervielle by 36.7% in the 3rd quarter. Mak Capital One LLC now owns 4,000,000 shares of the company’s stock valued at $19,800,000 after buying an additional 1,074,732 shares during the last quarter. PointState Capital LP raised its holdings in Grupo Supervielle by 81.5% in the 4th quarter. PointState Capital LP now owns 1,519,056 shares of the company’s stock valued at $17,955,000 after buying an additional 682,294 shares during the last quarter. RWC Asset Management LLP raised its holdings in Grupo Supervielle by 58.3% in the 4th quarter. RWC Asset Management LLP now owns 1,178,894 shares of the company’s stock valued at $13,935,000 after buying an additional 434,285 shares during the last quarter. Sparta 24 Ltd. raised its holdings in Grupo Supervielle by 39,572.6% in the 3rd quarter. Sparta 24 Ltd. now owns 1,002,526 shares of the company’s stock valued at $4,963,000 after buying an additional 999,999 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Grupo Supervielle by 7.0% in the 3rd quarter. Millennium Management LLC now owns 876,252 shares of the company’s stock valued at $4,337,000 after buying an additional 57,040 shares during the last quarter.
Analyst Upgrades and Downgrades
SUPV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Grupo Supervielle from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, February 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Grupo Supervielle in a research report on Friday, April 17th. Wall Street Zen cut Grupo Supervielle from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Finally, Zacks Research cut Grupo Supervielle from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.00.
Grupo Supervielle Trading Down 4.2%
Shares of Grupo Supervielle stock traded down $0.34 on Friday, hitting $7.89. The stock had a trading volume of 1,208,188 shares, compared to its average volume of 635,875. The stock has a 50 day moving average of $9.16 and a 200 day moving average of $10.23. Grupo Supervielle has a twelve month low of $4.54 and a twelve month high of $16.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market capitalization of $690.42 million, a P/E ratio of -21.90 and a beta of 1.55.
Grupo Supervielle (NYSE:SUPV – Get Free Report) last issued its quarterly earnings data on Sunday, February 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. The business had revenue of $145.40 million during the quarter. Grupo Supervielle had a negative net margin of 2.18% and a negative return on equity of 3.99%. Sell-side analysts expect that Grupo Supervielle will post 0.6 earnings per share for the current fiscal year.
About Grupo Supervielle
Grupo Supervielle (NYSE: SUPV) is a diversified Argentine financial services holding company headquartered in Buenos Aires. Through its principal subsidiary, Banco Supervielle, the group offers retail and commercial banking products including checking and savings accounts, consumer and corporate loans, credit and debit cards, treasury services and foreign exchange solutions. These services cater to individual customers, small and medium-sized enterprises and larger corporates throughout Argentina’s provincial and urban centers.
Beyond traditional banking, Grupo Supervielle operates in insurance and asset management.