BlackRock Inc. cut its holdings in shares of Cent PUERTO S A/S (NYSE:CEPU) by 24.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 518,105 shares of the company’s stock after selling 171,670 shares during the period. BlackRock Inc.’s holdings in Cent PUERTO S A/S were worth $5,129,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in CEPU. Stevens Capital Management LP bought a new position in shares of Cent PUERTO S A/S during the second quarter worth about $110,000. LMR Partners LLP bought a new position in shares of Cent PUERTO S A/S during the second quarter worth about $161,000. Millennium Management LLC bought a new position in shares of Cent PUERTO S A/S during the first quarter worth about $6,198,000. Finally, Bienville Capital Management LLC lifted its position in shares of Cent PUERTO S A/S by 367.4% during the second quarter. Bienville Capital Management LLC now owns 411,719 shares of the company’s stock worth $4,076,000 after purchasing an additional 323,623 shares during the last quarter. Institutional investors own 5.44% of the company’s stock.
Shares of NYSE CEPU opened at $10.33 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 0.32. Cent PUERTO S A/S has a 52-week low of $7.80 and a 52-week high of $19.20. The stock has a market capitalization of $1.55 billion and a price-to-earnings ratio of 7.33.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Cent PUERTO S A/S from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. ValuEngine cut shares of Cent PUERTO S A/S from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Finally, Bank of America set a $20.00 target price on shares of Cent PUERTO S A/S and gave the stock a “buy” rating in a report on Friday, September 14th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $15.00.
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Cent PUERTO S A/S Profile
Central Puerto SA generates and sells electric power to private and public customers in Argentina. As of December 31, 2017, the company owned and operated five thermal generation plants and one hydroelectric generation plant with an installed capacity of 3,663 MW. It also operates a wind farm Achiras I with an installed capacity of 48 megawatts, as well as produces steam.
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