Fourth Sail Capital LP Sells 877,988 Shares of Central Puerto S.A. Sponsored ADR $CEPU

Fourth Sail Capital LP lessened its stake in shares of Central Puerto S.A. Sponsored ADR (NYSE:CEPU) by 42.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,191,489 shares of the company’s stock after selling 877,988 shares during the period. Central Puerto accounts for about 3.3% of Fourth Sail Capital LP’s portfolio, making the stock its 14th largest position. Fourth Sail Capital LP’s holdings in Central Puerto were worth $20,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CEPU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $32,504,000 after acquiring an additional 359,121 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of 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 acquiring an additional 130,240 shares during the period. UBS Group AG lifted its position in shares of Central Puerto by 462.8% during the 4th quarter. UBS Group AG now owns 140,597 shares of the company’s stock valued at $2,460,000 after acquiring an additional 115,617 shares during the period. Jump Financial LLC acquired a new position in shares of Central Puerto during the 2nd quarter valued at $1,149,000. Finally, Bank of America Corp DE lifted its position in shares of Central Puerto by 301.6% during the 3rd quarter. Bank of America Corp DE now owns 82,460 shares of the company’s stock valued at $661,000 after acquiring an additional 61,929 shares during the period. Institutional investors and hedge funds own 2.97% of the company’s stock.

Analyst Ratings Changes

CEPU has been the topic of a number of research reports. Wall Street Zen upgraded shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded shares of Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Central Puerto Stock Performance

Shares of CEPU stock opened at $15.81 on Friday. The firm has a market capitalization of $2.39 billion, a PE ratio of 7.60 and a beta of 0.84. The firm has a fifty day simple moving average of $15.11 and a two-hundred day simple moving average of $15.75. 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.

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

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.