Central Puerto (NYSE:CEPU) Shares Down 1.7% – What’s Next?

Central Puerto S.A. Sponsored ADR (NYSE:CEPU)’s share price fell 1.7% on Monday . The company traded as low as $15.33 and last traded at $15.43. 212,778 shares were traded during mid-day trading, a decline of 25% from the average session volume of 284,127 shares. The stock had previously closed at $15.69.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CEPU shares. Wall Street Zen raised shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a report on Sunday, November 9th. Weiss Ratings restated a “hold (c-)” rating on shares of Central Puerto in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Central Puerto currently has an average rating of “Moderate Buy” and an average target price of $17.50.

Central Puerto Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.31 and a current ratio of 1.40. The company has a market capitalization of $2.34 billion, a P/E ratio of 10.43 and a beta of 1.06. The firm’s fifty day moving average is $16.33 and its 200 day moving average is $13.57.

Institutional Investors Weigh In On Central Puerto

Institutional investors and hedge funds have recently modified their holdings of the business. Fourth Sail Capital LP bought a new position in Central Puerto in the 2nd quarter valued at $1,736,000. Insigneo Advisory Services LLC lifted its position in shares of Central Puerto by 76.8% during the second quarter. Insigneo Advisory Services LLC now owns 31,809 shares of the company’s stock worth $372,000 after purchasing an additional 13,819 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Central Puerto during the fourth quarter valued at $329,000. State of Wisconsin Investment Board bought a new position in shares of Central Puerto in the fourth quarter worth about $551,000. Finally, Verition Fund Management LLC grew its holdings in shares of Central Puerto by 125.4% in the fourth quarter. Verition Fund Management LLC now owns 25,786 shares of the company’s stock worth $451,000 after purchasing an additional 14,346 shares during the last quarter. 2.97% of the stock is owned by institutional investors.

About Central Puerto

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.