286,056 Shares in Central Puerto S.A. Sponsored ADR $CEPU Acquired by Absolute Gestao de Investimentos Ltda.

Absolute Gestao de Investimentos Ltda. bought a new position in Central Puerto S.A. Sponsored ADR (NYSE:CEPU) in the first quarter, according to its most recent filing with the SEC. The firm bought 286,056 shares of the company’s stock, valued at approximately $4,814,000. Central Puerto makes up 0.5% of Absolute Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 29th largest position.

Several other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. acquired a new stake in shares of Central Puerto during the first quarter worth about $41,000. Van ECK Associates Corp acquired a new position in Central Puerto in the third quarter valued at approximately $60,000. Brooklyn Investment Group purchased a new stake in Central Puerto in the 4th quarter worth approximately $174,000. Balyasny Asset Management L.P. acquired a new stake in shares of Central Puerto during the 4th quarter worth approximately $202,000. Finally, Perpetual Ltd acquired a new stake in shares of Central Puerto during the 4th quarter worth approximately $271,000. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Wall Street Zen raised Central Puerto from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Central Puerto currently has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Central Puerto Stock Down 3.4%

Shares of CEPU opened at $14.75 on Friday. The stock has a market capitalization of $2.23 billion, a price-to-earnings ratio of 7.09 and a beta of 0.84. Central Puerto S.A. Sponsored ADR has a one year low of $7.43 and a one year high of $18.50. The stock has a 50 day moving average price of $14.96 and a 200 day moving average price of $15.39. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 1.01.

Central Puerto (NYSE:CEPU) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.64. The company had revenue of $248.52 million during the quarter, compared to the consensus estimate of $243.07 million. Central Puerto had a net margin of 37.86% and a return on equity of 15.93%. Equities research analysts forecast that Central Puerto S.A. Sponsored ADR will post 1.63 earnings per share for the current fiscal year.

Central Puerto 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.