Bank of America Corp DE Sells 40,664 Shares of Central Puerto S.A. (NYSE:CEPU)

Bank of America Corp DE lowered its holdings in Central Puerto S.A. (NYSE:CEPU - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,685 shares of the company's stock after selling 40,664 shares during the quarter. Bank of America Corp DE's holdings in Central Puerto were worth $242,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. increased its stake in Central Puerto by 60.7% in the fourth quarter. Invesco Ltd. now owns 24,949 shares of the company's stock valued at $362,000 after acquiring an additional 9,422 shares during the period. Jane Street Group LLC bought a new stake in Central Puerto during the fourth quarter worth about $405,000. OLD Mission Capital LLC bought a new stake in Central Puerto during the fourth quarter worth about $776,000. Mirabella Financial Services LLP grew its stake in Central Puerto by 259.1% during the fourth quarter. Mirabella Financial Services LLP now owns 90,088 shares of the company's stock worth $1,305,000 after buying an additional 65,000 shares during the last quarter. Finally, William Blair Investment Management LLC bought a new stake in Central Puerto during the fourth quarter worth about $1,319,000. Institutional investors own 2.97% of the company's stock.

Central Puerto Price Performance

Central Puerto stock traded down $0.47 during trading hours on Friday, hitting $12.25. 201,429 shares of the stock were exchanged, compared to its average volume of 316,394. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13. The stock has a market capitalization of $1.85 billion, a P/E ratio of 4.80 and a beta of 1.14. Central Puerto S.A. has a 12 month low of $7.07 and a 12 month high of $16.60. The business's 50-day moving average is $11.86 and its two-hundred day moving average is $12.84.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.50 earnings per share for the quarter. The firm had revenue of $196.00 million for the quarter. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. Equities research analysts expect that Central Puerto S.A. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Central Puerto from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th.

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.