Zacks Investment Research upgraded shares of Grupo Supervielle (NYSE:SUPV) from a strong sell rating to a hold rating in a research report released on Friday, Zacks.com reports.

According to Zacks, “Grupo Supervielle SA is a private domestically-owned financial group primarily in Argentina. The Company owns Banco Supervielle S.A., an Argentine private domestically-owned bank which operates primary in the City of Buenos Aires and the Greater Buenos Aires metropolitan area, Mendoza and San Luis. Grupo Supervielle SA is based in Bueno Aires, Argentina. “

Other research analysts have also issued research reports about the company. Bank of America set a $35.00 price objective on Conagra Brands and gave the company a buy rating in a research report on Friday, June 28th. ValuEngine lowered Welbilt from a hold rating to a sell rating in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has an average rating of Hold and an average price target of $11.10.

SUPV stock opened at $7.76 on Friday. Grupo Supervielle has a twelve month low of $4.30 and a twelve month high of $13.75. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.76. The company has a market cap of $705.18 million, a price-to-earnings ratio of 10.08 and a beta of 0.10. The company’s 50 day moving average is $7.72.

Grupo Supervielle (NYSE:SUPV) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. Grupo Supervielle had a return on equity of 13.11% and a net margin of 5.48%. The company had revenue of $332.15 million during the quarter, compared to analyst estimates of $162.57 million. On average, equities research analysts predict that Grupo Supervielle will post 0.92 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of SUPV. JPMorgan Chase & Co. boosted its stake in Grupo Supervielle by 665.4% during the 1st quarter. JPMorgan Chase & Co. now owns 800,812 shares of the company’s stock valued at $4,869,000 after purchasing an additional 696,183 shares during the last quarter. Bienville Capital Management LLC boosted its stake in Grupo Supervielle by 15.4% during the 1st quarter. Bienville Capital Management LLC now owns 1,651,541 shares of the company’s stock valued at $10,042,000 after purchasing an additional 220,921 shares during the last quarter. Millennium Management LLC boosted its stake in Grupo Supervielle by 177.9% during the 4th quarter. Millennium Management LLC now owns 195,990 shares of the company’s stock valued at $1,701,000 after purchasing an additional 125,470 shares during the last quarter. Gruss & Co. Inc. purchased a new stake in Grupo Supervielle during the 1st quarter valued at $340,000. Finally, Alpine Global Management LLC purchased a new stake in Grupo Supervielle during the 1st quarter valued at $220,000. Institutional investors and hedge funds own 27.86% of the company’s stock.

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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