Glenorchy Capital Ltd Decreases Holdings in Central Puerto S.A. (NYSE:CEPU)

Glenorchy Capital Ltd decreased its holdings in Central Puerto S.A. (NYSE:CEPU) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 347,650 shares of the company’s stock after selling 20,494 shares during the period. Central Puerto accounts for approximately 1.0% of Glenorchy Capital Ltd’s holdings, making the stock its 12th biggest holding. Glenorchy Capital Ltd’s holdings in Central Puerto were worth $3,292,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Ping Capital Management Inc. purchased a new position in Central Puerto during the second quarter worth $390,000. Acadian Asset Management LLC purchased a new position in shares of Central Puerto during the 2nd quarter worth about $320,000. Truist Financial Corp bought a new position in Central Puerto during the 2nd quarter valued at about $161,000. GAMMA Investing LLC raised its position in Central Puerto by 62.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock worth $35,000 after purchasing an additional 1,420 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Central Puerto in the 1st quarter worth about $29,000. 2.97% of the stock is owned by institutional investors.

Central Puerto Stock Performance

Shares of Central Puerto stock opened at $10.33 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average is $9.68 and its two-hundred day moving average is $9.52. Central Puerto S.A. has a 52 week low of $5.44 and a 52 week high of $11.60. The company has a market capitalization of $1.56 billion, a PE ratio of 4.07 and a beta of 1.26.

Central Puerto (NYSE:CEPU) last issued its earnings results on Friday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). The company had revenue of $168.00 million for the quarter. Central Puerto had a net margin of 52.54% and a return on equity of 21.76%. As a group, analysts expect that Central Puerto S.A. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Central Puerto Profile

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.