Central Puerto (NYSE:CEPU) Trading 5.1% Higher – What’s Next?

Shares of Central Puerto S.A. (NYSE:CEPU) traded up 5.1% during mid-day trading on Monday . The stock traded as high as $13.59 and last traded at $13.65. 120,756 shares changed hands during trading, a decline of 63% from the average session volume of 323,958 shares. The stock had previously closed at $12.99.

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 company has a 50-day moving average of $11.32 and a 200-day moving average of $12.82. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 5.27 and a beta of 1.09.

Central Puerto (NYSE:CEPU) last announced its earnings results on Monday, May 12th. The company reported $0.50 EPS for the quarter. The firm had revenue of $196.00 million for the quarter. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. On average, equities research analysts forecast that Central Puerto S.A. will post 0.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Central Puerto

Several institutional investors have recently bought and sold shares of CEPU. NewEdge Advisors LLC boosted its stake in Central Puerto by 4,431.2% during the 1st quarter. NewEdge Advisors LLC now owns 30,540 shares of the company’s stock valued at $339,000 after purchasing an additional 29,866 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Central Puerto by 6.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,423,762 shares of the company’s stock valued at $26,880,000 after acquiring an additional 140,299 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Central Puerto in the first quarter worth $688,000. Banco BTG Pactual S.A. acquired a new position in Central Puerto during the 1st quarter valued at $1,996,000. Finally, Hsbc Holdings PLC raised its stake in Central Puerto by 16.7% during the 1st quarter. Hsbc Holdings PLC now owns 125,136 shares of the company’s stock valued at $1,405,000 after purchasing an additional 17,904 shares during the last quarter. 2.97% of the stock is currently owned by 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.