Absolute Gestao de Investimentos Ltda. Trims Holdings in Central Puerto S.A. Sponsored ADR $CEPU

Key Points

• Absolute Gestao de Investimentos cut its Central Puerto position by 30.6% in the second quarter, selling 87,676 shares and retaining 198,380 shares worth approximately $2.95 million.
• Institutional ownership remains limited at 2.97%, although several funds—including Blue Trust, Van ECK Associates, and Balyasny Asset Management—established new positions.
• Analyst sentiment is cautiously positive: Central Puerto has a consensus “Moderate Buy” rating and a $17.50 target price versus its recent $14.05 share price. The stock trades at a 4.68 price-to-earnings ratio and has ranged from $7.43 to $18.50 over the past year.

Absolute Gestao de Investimentos Ltda. reduced its position in shares of Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Free Report) by 30.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,380 shares of the company's stock after selling 87,676 shares during the period. Central Puerto accounts for about 0.3% of Absolute Gestao de Investimentos Ltda.'s investment portfolio, making the stock its 22nd largest position. Absolute Gestao de Investimentos Ltda. owned about 0.13% of Central Puerto worth $2,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. purchased a new position in shares of Central Puerto during the first quarter valued at approximately $41,000. Van ECK Associates Corp purchased a new stake in Central Puerto in the 3rd quarter worth approximately $60,000. Squarepoint Ops LLC purchased a new stake in Central Puerto in the 3rd quarter worth approximately $138,000. Brooklyn Investment Group acquired a new position in Central Puerto in the 4th quarter valued at $174,000. Finally, Balyasny Asset Management L.P. acquired a new position in Central Puerto in the 4th quarter valued at $202,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CEPU has been the topic of several analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Central Puerto in a report on Wednesday, August 26th. Wall Street Zen lowered Central Puerto from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

Central Puerto Price Performance

CEPU stock opened at $14.05 on Monday. The company has a market cap of $2.13 billion, a PE ratio of 4.68 and a beta of 0.81. The company has a current ratio of 1.28, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average price of $14.23 and a two-hundred day moving average price of $14.90. Central Puerto S.A. Sponsored ADR has a 12-month low of $7.43 and a 12-month high of $18.50.

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.

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