Cent PUERTO S A/S (CEPU) Stake Lessened by BlackRock Inc.

BlackRock Inc. lowered its stake in Cent PUERTO S A/S (NYSE:CEPU) by 24.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 518,105 shares of the company’s stock after selling 171,670 shares during the quarter. BlackRock Inc. owned 0.34% of Cent PUERTO S A/S worth $5,129,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CEPU. Millennium Management LLC purchased a new position in shares of Cent PUERTO S A/S in the 1st quarter worth $6,198,000. LMR Partners LLP acquired a new stake in Cent PUERTO S A/S in the 2nd quarter valued at $161,000. Bienville Capital Management LLC increased its holdings in Cent PUERTO S A/S by 367.4% in the 2nd quarter. Bienville Capital Management LLC now owns 411,719 shares of the company’s stock valued at $4,076,000 after purchasing an additional 323,623 shares in the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Cent PUERTO S A/S in the 2nd quarter valued at $110,000. Institutional investors own 5.44% of the company’s stock.

CEPU has been the subject of several recent research reports. Bank of America set a $20.00 price target on Cent PUERTO S A/S and gave the company a “buy” rating in a report on Friday, September 14th. Zacks Investment Research upgraded Cent PUERTO S A/S from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a report on Monday, October 15th. Finally, ValuEngine upgraded Cent PUERTO S A/S from a “strong sell” rating to a “sell” rating in a report on Friday, October 19th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $15.00.

Shares of NYSE CEPU opened at $10.33 on Friday. Cent PUERTO S A/S has a 12-month low of $7.80 and a 12-month high of $19.20. The firm has a market capitalization of $1.55 billion and a P/E ratio of 7.33. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.42 and a quick ratio of 1.39.

Cent PUERTO S A/S (NYSE:CEPU) last announced its quarterly earnings results on Tuesday, August 14th. The company reported $1.19 earnings per share (EPS) for the quarter. The company had revenue of $91.34 million during the quarter. On average, analysts forecast that Cent PUERTO S A/S will post 4.05 earnings per share for the current year.

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Cent PUERTO S A/S Company 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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Institutional Ownership by Quarter for Cent PUERTO S A/S (NYSE:CEPU)

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