Fourth Sail Capital LP Sells 877,988 Shares of Central Puerto S.A. Sponsored ADR $CEPU

Fourth Sail Capital LP trimmed its holdings in shares of Central Puerto S.A. Sponsored ADR (NYSE:CEPU) by 42.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,191,489 shares of the company’s stock after selling 877,988 shares during the period. Central Puerto accounts for about 3.3% of Fourth Sail Capital LP’s investment portfolio, making the stock its 14th biggest holding. Fourth Sail Capital LP owned approximately 0.79% of Central Puerto worth $20,851,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Central Puerto by 13.6% in the 2nd quarter. Bank of America Corp DE now owns 20,531 shares of the company’s stock valued at $240,000 after buying an additional 2,460 shares during the period. Jane Street Group LLC increased its holdings in Central Puerto by 6.9% in the 2nd quarter. Jane Street Group LLC now owns 53,073 shares of the company’s stock valued at $620,000 after buying an additional 3,424 shares during the period. Van ECK Associates Corp increased its holdings in Central Puerto by 99.7% in the 4th quarter. Van ECK Associates Corp now owns 15,039 shares of the company’s stock valued at $263,000 after buying an additional 7,510 shares during the period. Invesco Ltd. increased its holdings in Central Puerto by 41.1% in the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company’s stock valued at $355,000 after buying an additional 8,867 shares during the period. Finally, Harbour Capital Advisors LLC bought a new position in Central Puerto in the 4th quarter valued at about $174,000. 2.97% of the stock is owned by institutional investors.

Central Puerto Stock Down 0.9%

NYSE:CEPU opened at $15.81 on Friday. The firm’s 50 day simple moving average is $15.11 and its 200 day simple moving average is $15.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.01 and a quick ratio of 0.93. Central Puerto S.A. Sponsored ADR has a one year low of $7.43 and a one year high of $18.50. The company has a market cap of $2.39 billion, a PE ratio of 7.60 and a beta of 0.84.

Central Puerto (NYSE:CEPU) last posted its earnings results on Wednesday, May 13th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.26 by $0.64. Central Puerto had a net margin of 37.86% and a return on equity of 15.93%. The business had revenue of $248.52 million for the quarter, compared to the consensus estimate of $243.07 million. On average, research analysts anticipate that Central Puerto S.A. Sponsored ADR will post 1.63 earnings per share for the current year.

Analysts Set New Price Targets

CEPU has been the topic of several recent analyst reports. Wall Street Zen raised shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded shares of Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Central Puerto Company Profile

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.