Central Puerto S.A. (NYSE:CEPU) Position Trimmed by Mirabella Financial Services LLP

Mirabella Financial Services LLP reduced its holdings in Central Puerto S.A. (NYSE:CEPU) by 51.3% during the third quarter, HoldingsChannel reports. The institutional investor owned 25,088 shares of the company’s stock after selling 26,440 shares during the period. Mirabella Financial Services LLP’s holdings in Central Puerto were worth $238,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CEPU. Ping Capital Management Inc. acquired a new position in Central Puerto during the 2nd quarter valued at approximately $390,000. Acadian Asset Management LLC bought a new stake in Central Puerto in the second quarter valued at $320,000. Truist Financial Corp acquired a new position in shares of Central Puerto during the second quarter valued at $161,000. Financial Management Professionals Inc. bought a new position in shares of Central Puerto during the third quarter worth about $34,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Central Puerto in the 1st quarter worth about $29,000. 2.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Bank of America lifted their price objective on shares of 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 Stock Performance

Shares of NYSE CEPU opened at $13.97 on Tuesday. Central Puerto S.A. has a 12-month low of $7.07 and a 12-month high of $14.21. The company has a market cap of $2.12 billion, a PE ratio of 5.48 and a beta of 1.23. The stock has a 50 day simple moving average of $11.03 and a 200-day simple moving average of $9.83. The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18.

Central Puerto (NYSE:CEPU) last announced its earnings results on Monday, November 11th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.19). Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The business had revenue of $185.00 million for the quarter, compared to the consensus estimate of $200.26 million. On average, equities research analysts forecast that Central Puerto S.A. will post 0.74 EPS for the current year.

Central Puerto Company 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.