Central Puerto (NYSE:CEPU) Reaches New 12-Month High – Here’s What Happened

Shares of Central Puerto S.A. (NYSE:CEPU) hit a new 52-week high during trading on Tuesday . The company traded as high as $13.78 and last traded at $13.75, with a volume of 130403 shares traded. The stock had previously closed at $13.40.

Analyst Upgrades and Downgrades

Separately, Bank of America increased their price target on shares of Central Puerto from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th.

Central Puerto Stock Performance

The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.10 billion, a PE ratio of 5.43 and a beta of 1.23. The firm’s fifty day moving average is $10.89 and its 200-day moving average is $9.80.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings data on Monday, November 11th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.19). Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The company had revenue of $185.00 million during the quarter, compared to analyst estimates of $200.26 million. As a group, research analysts anticipate that Central Puerto S.A. will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in Central Puerto during the third quarter worth about $157,000. Quadrature Capital Ltd acquired a new stake in Central Puerto in the 3rd quarter valued at about $122,000. Point72 Asset Management L.P. purchased a new position in shares of Central Puerto in the 3rd quarter valued at about $351,000. Verition Fund Management LLC acquired a new position in shares of Central Puerto during the third quarter worth about $121,000. Finally, Financial Management Professionals Inc. purchased a new stake in shares of Central Puerto during the third quarter worth approximately $34,000. 2.97% of the stock is currently 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.