Central Puerto (NYSE:CEPU) Trading 3.3% Higher

Central Puerto S.A. (NYSE:CEPU) rose 3.3% on Wednesday . The company traded as high as $9.20 and last traded at $9.20. Approximately 30,704 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 321,771 shares. The stock had previously closed at $8.91.

Central Puerto Stock Performance

The company has a quick ratio of 1.86, a current ratio of 2.00 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 3.72 and a beta of 1.39. The stock has a fifty day moving average price of $8.80 and a two-hundred day moving average price of $9.19.

Central Puerto (NYSE:CEPU) last released its earnings results on Friday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The firm had revenue of $168.00 million during the quarter. Central Puerto had a net margin of 52.54% and a return on equity of 20.61%. As a group, analysts forecast that Central Puerto S.A. will post 0.55 EPS for the current fiscal year.

Institutional Trading of Central Puerto

Hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC boosted its holdings in shares of Central Puerto by 1,441.0% during the fourth quarter. Simplex Trading LLC now owns 2,910 shares of the company’s stock worth $26,000 after purchasing an additional 3,127 shares during the last quarter. Anthracite Investment Company Inc. acquired a new stake in Central Puerto in the 4th quarter worth about $592,000. Hsbc Holdings PLC boosted its stake in Central Puerto by 17.8% in the 4th quarter. Hsbc Holdings PLC now owns 206,552 shares of the company’s stock worth $1,896,000 after buying an additional 31,159 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Central Puerto in the 1st quarter valued at about $29,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Central Puerto during the 2nd quarter valued at about $320,000. 2.97% of the stock is owned by hedge funds and other institutional investors.

About Central Puerto

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.