Grupo Supervielle S.A. (NYSE:SUPV) Position Decreased by Ping Capital Management Inc.

Ping Capital Management Inc. decreased its position in shares of Grupo Supervielle S.A. (NYSE:SUPV) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 359,300 shares of the company’s stock after selling 37,700 shares during the quarter. Grupo Supervielle makes up 1.3% of Ping Capital Management Inc.’s holdings, making the stock its 9th largest holding. Ping Capital Management Inc.’s holdings in Grupo Supervielle were worth $5,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SUPV. GAMMA Investing LLC grew its stake in shares of Grupo Supervielle by 151.4% in the 4th quarter. GAMMA Investing LLC now owns 7,221 shares of the company’s stock worth $109,000 after buying an additional 4,349 shares in the last quarter. Centiva Capital LP purchased a new position in Grupo Supervielle during the 3rd quarter valued at $127,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Grupo Supervielle during the third quarter worth approximately $145,000. Stratos Wealth Advisors LLC purchased a new stake in Grupo Supervielle in the fourth quarter worth about $151,000. Finally, Quantbot Technologies LP increased its holdings in shares of Grupo Supervielle by 212.9% in the 3rd quarter. Quantbot Technologies LP now owns 28,807 shares of the company’s stock valued at $205,000 after acquiring an additional 19,602 shares during the period.

Grupo Supervielle Stock Up 0.3 %

Shares of SUPV opened at $16.02 on Wednesday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 22.25 and a beta of 1.95. Grupo Supervielle S.A. has a 52 week low of $3.70 and a 52 week high of $19.75. The stock’s 50-day moving average price is $15.51 and its 200-day moving average price is $10.60. 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) last posted its earnings results on Monday, November 25th. The company reported $0.11 earnings per share 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%. On average, sell-side analysts predict that Grupo Supervielle S.A. will post 1.5 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on SUPV. Morgan Stanley raised Grupo Supervielle from an “underweight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. upgraded Grupo Supervielle from an “underweight” rating to a “neutral” rating and set a $15.00 price target on the stock in a research note on Thursday, December 12th.

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.