Grupo Supervielle (NYSE:SUPV) Shares Gap Down - Here's Why

Shares of Grupo Supervielle S.A. (NYSE:SUPV - Get Free Report) 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.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SUPV shares. Morgan Stanley raised Grupo Supervielle from an "underweight" rating to an "overweight" rating and set a $19.00 price objective for the company in a report on Monday, December 16th. JPMorgan Chase & Co. raised Grupo Supervielle from an "underweight" rating to a "neutral" rating and set a $15.00 price objective for the company in a report on Thursday, December 12th.

Grupo Supervielle Stock Performance

The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.40 and a beta of 1.95. The firm has a fifty day moving average of $16.15 and a 200-day moving average of $11.32. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.07.

Grupo Supervielle (NYSE:SUPV - Get Free Report) last issued its quarterly earnings data 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, sell-side analysts anticipate that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Institutional Investors Weigh In On Grupo Supervielle

Several hedge funds have recently modified their holdings of the company. Voloridge Investment Management LLC acquired a new stake in shares of Grupo Supervielle during the 4th quarter worth about $1,693,000. PointState Capital LP boosted its stake in shares of Grupo Supervielle by 300.7% during the 4th quarter. PointState Capital LP now owns 1,896,720 shares of the company's stock worth $28,659,000 after purchasing an additional 1,423,383 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Grupo Supervielle by 65.1% during the 4th quarter. Millennium Management LLC now owns 514,060 shares of the company's stock worth $7,767,000 after purchasing an additional 202,633 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Grupo Supervielle by 111.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,387 shares of the company's stock worth $21,296,000 after purchasing an additional 742,479 shares during the last quarter. Finally, Bosun Asset Management LLC boosted its stake in shares of Grupo Supervielle by 19.0% during the 4th quarter. Bosun Asset Management LLC now owns 124,226 shares of the company's stock worth $1,877,000 after purchasing an additional 19,874 shares during the last quarter.

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.