Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Get Free Report) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 282,227 shares, a decline of 32.9% from the March 15th total of 420,731 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 454,767 shares, the days-to-cover ratio is currently 0.6 days.
Central Puerto Stock Performance
Shares of Central Puerto stock traded down $0.77 during trading hours on Tuesday, reaching $15.39. The company had a trading volume of 264,963 shares, compared to its average volume of 357,633. The firm has a market cap of $2.33 billion, a PE ratio of 9.15 and a beta of 1.02. Central Puerto has a one year low of $7.43 and a one year high of $18.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.48 and a quick ratio of 1.33. The business has a fifty day simple moving average of $15.74 and a 200 day simple moving average of $14.84.
Analyst Ratings Changes
A number of research firms have issued reports on CEPU. Wall Street Zen downgraded Central Puerto from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 14th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Central Puerto in a research report on Friday, March 27th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Central Puerto currently has a consensus rating of "Moderate Buy" and an average target price of $17.50.
Check Out Our Latest Analysis on CEPU
Institutional Investors Weigh In On Central Puerto
Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in shares of Central Puerto by 4,431.2% in the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company's stock valued at $339,000 after acquiring an additional 29,866 shares during the period. Jane Street Group LLC lifted its stake in Central Puerto by 77.5% in the 1st quarter. Jane Street Group LLC now owns 49,649 shares of the company's stock worth $551,000 after purchasing an additional 21,673 shares in the last quarter. Acadian Asset Management LLC bought a new position in Central Puerto in the 1st quarter valued at $434,000. Invesco Ltd. grew its position in shares of Central Puerto by 41.1% during the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company's stock valued at $355,000 after purchasing an additional 8,867 shares in the last quarter. Finally, Jump Financial LLC bought a new position in shares of Central Puerto in the second quarter worth $1,149,000. 2.97% of the stock is currently owned by institutional investors.
About Central Puerto
(
Get Free Report)
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.
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