Fourth Sail Capital LP Takes Position in Central Puerto S.A. Sponsored ADR $CEPU

Fourth Sail Capital LP purchased a new position in shares of Central Puerto S.A. Sponsored ADR (NYSE:CEPU) during the second quarter, HoldingsChannel reports. The firm purchased 148,601 shares of the company’s stock, valued at approximately $1,736,000. Central Puerto makes up about 0.4% of Fourth Sail Capital LP’s portfolio, making the stock its 26th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Central Puerto by 6.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,423,762 shares of the company’s stock worth $26,880,000 after buying an additional 140,299 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Central Puerto in the 1st quarter valued at $688,000. Hsbc Holdings PLC increased its position in Central Puerto by 16.7% during the 1st quarter. Hsbc Holdings PLC now owns 125,136 shares of the company’s stock worth $1,405,000 after buying an additional 17,904 shares during the period. Banco BTG Pactual S.A. acquired a new stake in shares of Central Puerto during the first quarter worth $1,996,000. Finally, Ping Capital Management Inc. boosted its position in shares of Central Puerto by 29.3% in the second quarter. Ping Capital Management Inc. now owns 119,000 shares of the company’s stock valued at $1,390,000 after acquiring an additional 27,000 shares during the period. Institutional investors and hedge funds own 2.97% of the company’s stock.

Central Puerto Trading Down 1.1%

NYSE:CEPU opened at $14.48 on Monday. Central Puerto S.A. Sponsored ADR has a 52 week low of $7.43 and a 52 week high of $16.60. The firm’s fifty day moving average is $10.03 and its 200-day moving average is $11.26. The firm has a market cap of $2.19 billion, a P/E ratio of 14.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.31.

Central Puerto (NYSE:CEPU) last released its earnings results on Thursday, August 14th. The company reported $0.48 earnings per share (EPS) for the quarter. Central Puerto had a net margin of 21.30% and a return on equity of 11.81%. The business had revenue of $179.60 million for the quarter. Equities analysts expect that Central Puerto S.A. Sponsored ADR will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Central Puerto from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Weiss Ratings reissued a “sell (d+)” rating on shares of Central Puerto in a report on Wednesday, October 8th. Finally, Citigroup assumed coverage on shares of Central Puerto in a research note on Wednesday, October 29th. They issued a “buy” rating and a $17.50 price objective on the stock. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $17.50.

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.