Mercer Global Advisors Inc. ADV increased its stake in shares of Grupo Supervielle S.A. (NYSE:SUPV – Get Rating) by 27.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,045 shares of the company's stock after purchasing an additional 6,632 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Grupo Supervielle were worth $63,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its holdings in Grupo Supervielle by 21.5% in the first quarter. Envestnet Asset Management Inc. now owns 32,474 shares of the company's stock worth $66,000 after purchasing an additional 5,749 shares during the last quarter. Mirabella Financial Services LLP purchased a new position in Grupo Supervielle during the 4th quarter worth $176,000. Long Focus Capital Management LLC acquired a new position in Grupo Supervielle during the 4th quarter valued at about $2,815,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Grupo Supervielle by 42.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 158,920 shares of the company's stock valued at $310,000 after buying an additional 47,654 shares during the last quarter. 2.65% of the stock is currently owned by hedge funds and other institutional investors.
Get Grupo Supervielle alerts:Analyst Upgrades and Downgrades
Separately, TheStreet downgraded shares of Grupo Supervielle from a "c-" rating to a "d+" rating in a report on Wednesday, June 22nd.
Grupo Supervielle Trading Up 1.1 %
Shares of Grupo Supervielle stock opened at $1.87 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.01. Grupo Supervielle S.A. has a 12-month low of $1.20 and a 12-month high of $2.89. The firm has a market capitalization of $170.81 million, a price-to-earnings ratio of -6.03 and a beta of 1.57. The firm's 50 day simple moving average is $1.58 and its two-hundred day simple moving average is $1.75.Grupo Supervielle (NYSE:SUPV – Get Rating) last issued its quarterly earnings results on Wednesday, August 17th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.13). Grupo Supervielle had a negative net margin of 2.09% and a negative return on equity of 5.11%. The company had revenue of $196.29 million for the quarter, compared to analyst estimates of $194.20 million. Analysts predict that Grupo Supervielle S.A. will post -0.02 EPS for the current year.
Grupo Supervielle Profile
(Get Rating)
Grupo Supervielle SA, a financial services holding company, provides various banking products and services in Argentina. The company operates through Personal and Business Banking, Corporate Banking, Treasury and Finance, Capital Markets and Structuring, and Support Areas 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 cards, debit cards, and senior citizens benefit payment services, as well as financial services and investments, such as mutual funds and guarantees.
Further Reading
- Get a free copy of the StockNews.com research report on Grupo Supervielle (SUPV)
- Could Snap Stock Rebound As Management Restructures?
- MarketBeat: Week in Review 8/29 – 9/2
- Hormel Looks Cheap At These Levels
- Lululemon Set To Soar Into September
- Could Nike Stock be Oversold, but Still Overvalued?
Want to see what other hedge funds are holding SUPV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grupo Supervielle S.A. (NYSE:SUPV – Get Rating).
Receive News & Ratings for Grupo Supervielle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grupo Supervielle and related companies with MarketBeat.com's FREE daily email newsletter.