Central Puerto S.A. Sponsored ADR $CEPU Shares Sold by Long Focus Capital Management LLC

Key Points

• Long Focus Capital Management LLC reduced its stake in Central Puerto S.A. by 14.7%, now holding approximately $2.58 million worth of stock.
• Several hedge funds have significantly increased their holdings in Central Puerto, notably MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., which raised its stake by 84.8%.
• The company's stock has a current price of $10.69, with analysts forecasting a target price of $12.00 and having recently upgraded the stock rating to "strong-buy."

Long Focus Capital Management LLC lowered its holdings in shares of Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Free Report) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,696 shares of the company's stock after selling 40,000 shares during the period. Long Focus Capital Management LLC owned about 0.15% of Central Puerto worth $2,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Banco BTG Pactual S.A. acquired a new position in Central Puerto during the first quarter worth about $1,996,000. Hsbc Holdings PLC raised its position in Central Puerto by 16.7% during the first quarter. Hsbc Holdings PLC now owns 125,136 shares of the company's stock worth $1,405,000 after acquiring an additional 17,904 shares during the last quarter. Virtu Financial LLC acquired a new position in Central Puerto during the first quarter worth about $170,000. Advisors Preferred LLC acquired a new position in Central Puerto during the first quarter worth about $53,000. Finally, Ping Capital Management Inc. raised its position in Central Puerto by 7.0% during the first quarter. Ping Capital Management Inc. now owns 92,000 shares of the company's stock worth $1,020,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 2.97% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Central Puerto from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 3rd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Central Puerto has a consensus rating of "Hold" and a consensus price target of $12.00.

Central Puerto Trading Up 3.1%

Central Puerto stock traded up $0.31 during trading on Thursday, reaching $10.37. The company had a trading volume of 92,022 shares, compared to its average volume of 293,577. Central Puerto S.A. Sponsored ADR has a 12-month low of $8.65 and a 12-month high of $16.60. The stock's 50 day moving average price is $11.61 and its two-hundred day moving average price is $11.80. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 10.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.31.

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

About Central Puerto

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.