Central Puerto S.A. (NYSE:CEPU) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in Central Puerto S.A. (NYSE:CEPU) by 62.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,694 shares of the company’s stock after acquiring an additional 1,420 shares during the period. GAMMA Investing LLC’s holdings in Central Puerto were worth $35,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in shares of Central Puerto during the 2nd quarter valued at approximately $320,000. BNP Paribas Financial Markets acquired a new position in Central Puerto in the first quarter worth $29,000. Ping Capital Management Inc. bought a new stake in Central Puerto during the second quarter valued at $390,000. Finally, Truist Financial Corp acquired a new stake in shares of Central Puerto during the second quarter worth $161,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

Central Puerto Stock Up 2.4 %

NYSE:CEPU opened at $10.33 on Friday. The firm has a market capitalization of $1.56 billion, a PE ratio of 4.07 and a beta of 1.26. Central Puerto S.A. has a 52 week low of $5.44 and a 52 week high of $11.60. The company has a current ratio of 2.13, a quick ratio of 1.96 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $9.65 and a 200-day moving average of $9.51.

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

Analysts Set New Price Targets

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

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.