Bank of America Corp DE Raises Position in Central Puerto S.A. Sponsored ADR $CEPU

Key Points

• Bank of America increased its Central Puerto stake by 285.7% in the first quarter, holding 132,818 shares valued at approximately $2.24 million, or 0.09% of the company.
• Central Puerto shares opened at $13.95, below the $17.50 analyst consensus price target. The stock has traded between $7.43 and $18.50 over the past year and has a market capitalization of about $2.11 billion.
• Analyst sentiment remains positive overall, with one Buy and one Hold rating producing a “Moderate Buy” consensus, while hedge funds and institutional investors collectively own 2.97% of the stock.

Bank of America Corp DE grew its stake in Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Free Report) by 285.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 132,818 shares of the company's stock after buying an additional 98,380 shares during the quarter. Bank of America Corp DE owned 0.09% of Central Puerto worth $2,235,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in CEPU. Blue Trust Inc. acquired a new position in shares of Central Puerto during the 1st quarter worth about $41,000. Jane Street Group LLC raised its position in shares of Central Puerto by 6.9% during the 2nd quarter. Jane Street Group LLC now owns 53,073 shares of the company's stock worth $620,000 after acquiring an additional 3,424 shares in the last quarter. Invesco Ltd. raised its position in shares of Central Puerto by 17.5% during the 4th quarter. Invesco Ltd. now owns 35,669 shares of the company's stock worth $624,000 after acquiring an additional 5,317 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Central Puerto by 99.7% in the 4th quarter. Van ECK Associates Corp now owns 15,039 shares of the company's stock valued at $263,000 after buying an additional 7,510 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Central Puerto during the 4th quarter worth $174,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Central Puerto Price Performance

CEPU stock opened at $13.95 on Wednesday. The stock has a 50-day moving average price of $14.25 and a two-hundred day moving average price of $14.93. Central Puerto S.A. Sponsored ADR has a 12-month low of $7.43 and a 12-month high of $18.50. 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 company has a market cap of $2.11 billion, a PE ratio of 4.65 and a beta of 0.85.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CEPU shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Central Puerto in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of Central Puerto from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.50.

Central Puerto Company Profile

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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