Central Puerto S.A. Sponsored ADR $CEPU Position Cut by OLD Mission Capital LLC

Key Points

• OLD Mission Capital LLC has drastically reduced its holdings in Central Puerto S.A. by 68.8% in the first quarter, now owning only 16,720 shares valued at approximately $185,000.
• In contrast, other institutional investors, such as Hsbc Holdings PLC and Ping Capital Management Inc., have increased their stakes in the company, indicating a mix of market sentiment around Central Puerto.
• Central Puerto's stock received a upgraded rating from "buy" to "strong-buy" by Wall Street Zen, while analysts average a "Hold" rating with a price target of $12.00.

OLD Mission Capital LLC reduced its holdings in shares of Central Puerto S.A. Sponsored ADR (NYSE:CEPU - Free Report) by 68.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,720 shares of the company's stock after selling 36,849 shares during the quarter. OLD Mission Capital LLC's holdings in Central Puerto were worth $185,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Preferred LLC acquired a new position in Central Puerto during the 1st quarter worth $53,000. Ping Capital Management Inc. grew its holdings in Central Puerto by 7.0% during the 1st 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 in the last quarter. Tidal Investments LLC acquired a new position in Central Puerto during the 4th quarter worth $176,000. Virtu Financial LLC acquired a new position in Central Puerto during the 1st quarter worth $170,000. Finally, Hsbc Holdings PLC grew its holdings in Central Puerto by 16.7% during the 1st 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 in the last quarter. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen raised 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, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $12.00.

Central Puerto Stock Performance

Shares of NYSE CEPU traded down $1.39 during trading on Monday, reaching $8.74. The stock had a trading volume of 786,101 shares, compared to its average volume of 248,375. Central Puerto S.A. Sponsored ADR has a one year low of $8.40 and a one year high of $16.60. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.20 and a current ratio of 1.31. The stock has a market cap of $1.32 billion, a PE ratio of 8.92 and a beta of 1.17. The firm's 50 day moving average price is $11.49 and its two-hundred day moving average price is $11.71.

Central Puerto (NYSE:CEPU - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.48 EPS for the quarter. The firm had revenue of $179.60 million during the quarter. Central Puerto had a return on equity of 11.81% and a net margin of 21.30%. On average, research analysts forecast 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.