MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Position in Central Puerto S.A. Sponsored ADR $CEPU

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in Central Puerto S.A. by 6.1% during the first quarter, acquiring a total of 2,423,762 shares valued at approximately $26.88 million.
• Central Puerto's share price has seen a fluctuation, currently trading at $10.10, with a 12-month high of $16.60 and a low of $8.65.
• Analysts upgraded Central Puerto's rating from "buy" to a "strong-buy," while the company holds a consensus target price of $12.00.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,423,762 shares of the company's stock after purchasing an additional 140,299 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.60% of Central Puerto worth $26,880,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CEPU. Advisors Preferred LLC purchased a new position in Central Puerto in the 1st quarter valued at approximately $53,000. Virtu Financial LLC purchased a new position in Central Puerto in the 1st quarter valued at approximately $170,000. Tidal Investments LLC purchased a new position in Central Puerto in the 4th quarter valued at approximately $176,000. Insigneo Advisory Services LLC purchased a new position in Central Puerto in the 1st quarter valued at approximately $200,000. Finally, Jane Street Group LLC purchased a new position in Central Puerto in the 4th quarter valued at approximately $405,000. Hedge funds and other institutional investors own 2.97% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Central Puerto from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 3rd.

Central Puerto Price Performance

Shares of CEPU traded down $0.45 during mid-day trading on Friday, reaching $8.53. 127,555 shares of the stock traded hands, compared to its average volume of 296,697. The firm has a fifty day moving average price of $11.31 and a 200 day moving average price of $11.64. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 8.70 and a beta of 1.16. The company has a current ratio of 1.31, a quick ratio of 1.20 and a debt-to-equity ratio of 0.09. Central Puerto S.A. Sponsored ADR has a 1 year low of $8.40 and a 1 year high of $16.60.

Central Puerto (NYSE:CEPU - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.48 earnings per share (EPS) for the quarter. Central Puerto had a net margin of 21.30% and a return on equity of 11.81%. The company had revenue of $179.60 million during the quarter. As a group, equities research analysts predict that Central Puerto S.A. Sponsored ADR will post 0.63 earnings per share 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.