Financial Management Professionals Inc. Purchases New Position in Central Puerto S.A. (NYSE:CEPU)

Financial Management Professionals Inc. acquired a new stake in shares of Central Puerto S.A. (NYSE:CEPU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,631 shares of the company’s stock, valued at approximately $34,000.

Several other hedge funds also recently made changes to their positions in CEPU. Ping Capital Management Inc. bought a new position in shares of Central Puerto during the 2nd quarter valued at $390,000. Acadian Asset Management LLC bought a new position in shares of Central Puerto in the 2nd quarter worth approximately $320,000. Truist Financial Corp bought a new position in shares of Central Puerto in the 2nd quarter worth approximately $161,000. GAMMA Investing LLC lifted its stake in shares of Central Puerto by 62.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,694 shares of the company’s stock valued at $35,000 after purchasing an additional 1,420 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Central Puerto during the first quarter valued at approximately $29,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Central Puerto Trading Up 2.7 %

NYSE:CEPU opened at $11.26 on Monday. The firm has a market capitalization of $1.70 billion, a P/E ratio of 4.43 and a beta of 1.26. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.96. Central Puerto S.A. has a one year low of $5.44 and a one year high of $11.60. The company’s 50-day simple moving average is $9.82 and its 200 day simple moving average is $9.53.

Central Puerto (NYSE:CEPU) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.25). Central Puerto had a return on equity of 21.76% and a net margin of 52.54%. The company had revenue of $168.00 million during the quarter. As a group, analysts forecast that Central Puerto S.A. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Bank of America raised their price objective on Central Puerto from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th.

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.