SPX Gestao de Recursos Ltda Purchases New Holdings in Central Puerto S.A. Sponsored ADR $CEPU

SPX Gestao de Recursos Ltda bought a new position in Central Puerto S.A. Sponsored ADR (NYSE:CEPU) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 361,495 shares of the company’s stock, valued at approximately $6,084,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Central Puerto by 14.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,782,883 shares of the company’s stock worth $32,504,000 after acquiring an additional 359,121 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Central Puerto by 211.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 191,762 shares of the company’s stock valued at $3,356,000 after buying an additional 130,240 shares in the last quarter. UBS Group AG raised its position in shares of Central Puerto by 462.8% during the fourth quarter. UBS Group AG now owns 140,597 shares of the company’s stock valued at $2,460,000 after buying an additional 115,617 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Central Puerto during the second quarter valued at approximately $1,149,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Central Puerto by 115.0% in the third quarter. Qube Research & Technologies Ltd now owns 89,497 shares of the company’s stock worth $717,000 after buying an additional 47,864 shares in the last quarter. Hedge funds and other institutional investors own 2.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 29th. Wall Street Zen upgraded Central Puerto from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Central Puerto presently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Central Puerto Trading Down 0.4%

CEPU opened at $14.33 on Friday. The stock has a 50-day moving average of $14.88 and a 200 day moving average of $15.48. The company has a current ratio of 1.01, a quick ratio of 0.93 and a debt-to-equity ratio of 0.12. Central Puerto S.A. Sponsored ADR has a 12 month low of $7.43 and a 12 month high of $18.50. The firm has a market cap of $2.17 billion, a P/E ratio of 6.89 and a beta of 0.84.

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

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.