Central Puerto (NYSE:CEPU) Stock Price Down 4.8%

Shares of Central Puerto S.A. (NYSE:CEPUGet Free Report) fell 4.8% during mid-day trading on Wednesday . The company traded as low as $9.55 and last traded at $9.61. 193,103 shares were traded during trading, a decline of 45% from the average session volume of 351,386 shares. The stock had previously closed at $10.09.

Central Puerto Stock Performance

The stock’s 50-day moving average is $9.93 and its 200-day moving average is $8.89. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 3.68 and a beta of 1.41. The company has a current ratio of 2.00, a quick ratio of 1.87 and a debt-to-equity ratio of 0.22.

Central Puerto (NYSE:CEPUGet Free Report) last released its quarterly earnings data on Monday, March 11th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $2.66. Central Puerto had a net margin of 54.47% and a return on equity of 22.42%. The business had revenue of $193.03 million during the quarter. During the same quarter in the prior year, the company earned $0.96 earnings per share. On average, analysts predict that Central Puerto S.A. will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Autonomy Capital Jersey L.P. increased its position in shares of Central Puerto by 2.8% during the third quarter. Autonomy Capital Jersey L.P. now owns 760,000 shares of the company’s stock worth $4,423,000 after buying an additional 20,925 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in Central Puerto by 43.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 513,306 shares of the company’s stock worth $4,671,000 after buying an additional 155,657 shares during the last quarter. Glenorchy Capital Ltd purchased a new stake in Central Puerto during the fourth quarter worth about $3,162,000. Hsbc Holdings PLC increased its stake in shares of Central Puerto by 17.8% in the fourth quarter. Hsbc Holdings PLC now owns 206,552 shares of the company’s stock worth $1,896,000 after purchasing an additional 31,159 shares in the last quarter. Finally, Trium Capital LLP increased its stake in shares of Central Puerto by 40.8% in the third quarter. Trium Capital LLP now owns 144,783 shares of the company’s stock worth $843,000 after purchasing an additional 41,918 shares in the last quarter. 2.97% of the stock is currently owned by institutional investors and hedge funds.

About Central Puerto

(Get Free Report)

Central Puerto SA engages in the electric power generation in Argentina. It operates through three segments: Electric Power Generation from Conventional Sources, Electric Power Generation from Renewable Sources, and Natural Gas Transport and Distribution. The company generates energy through thermal, hydroelectric, and wind farms.

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