CENT PUERTO S A/S (NYSE:CEPU) Stock Price Up 7%

CENT PUERTO S A/S (NYSE:CEPU) rose 7% during mid-day trading on Friday . The stock traded as high as $9.03 and last traded at $8.96, approximately 774,412 shares changed hands during mid-day trading. An increase of 161% from the average daily volume of 296,409 shares. The stock had previously closed at $8.37.

CEPU has been the topic of several analyst reports. ValuEngine upgraded CENT PUERTO S A/S from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut CENT PUERTO S A/S from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 18th.

The company has a market cap of $1.27 billion, a price-to-earnings ratio of 2.20 and a beta of 0.64. The firm’s 50 day simple moving average is $9.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.17 and a quick ratio of 1.15.

CENT PUERTO S A/S (NYSE:CEPU) last posted its earnings results on Monday, May 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.13). The business had revenue of $160.31 million during the quarter, compared to analysts’ expectations of $89.90 million. CENT PUERTO S A/S had a net margin of 47.31% and a return on equity of 30.42%. As a group, equities research analysts expect that CENT PUERTO S A/S will post 1.3 EPS for the current year.

A number of large investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its holdings in shares of CENT PUERTO S A/S by 211.2% in the 4th quarter. Legal & General Group Plc now owns 55,966 shares of the company’s stock valued at $515,000 after buying an additional 37,984 shares during the period. Millennium Management LLC lifted its position in shares of CENT PUERTO S A/S by 66.6% in the fourth quarter. Millennium Management LLC now owns 179,076 shares of the company’s stock worth $1,647,000 after purchasing an additional 71,615 shares in the last quarter. Deltec Asset Management LLC bought a new stake in shares of CENT PUERTO S A/S in the first quarter worth $101,000. Alpine Global Management LLC bought a new stake in shares of CENT PUERTO S A/S in the first quarter worth $152,000. Finally, Fort Sheridan Advisors LLC lifted its position in shares of CENT PUERTO S A/S by 75.8% in the first quarter. Fort Sheridan Advisors LLC now owns 24,377 shares of the company’s stock worth $224,000 after purchasing an additional 10,511 shares in the last quarter. 6.99% of the stock is currently owned by hedge funds and other institutional investors.

CENT PUERTO S A/S Company Profile (NYSE:CEPU)

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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