Pictet Asset Management Holding SA Raises Holdings in Central Puerto S.A. (NYSE:CEPU)

Pictet Asset Management Holding SA lifted its holdings in Central Puerto S.A. (NYSE:CEPU) by 1,204.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 435,276 shares of the company’s stock after purchasing an additional 401,903 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Central Puerto were worth $6,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Verition Fund Management LLC bought a new stake in Central Puerto in the 3rd quarter worth about $121,000. Point72 Asset Management L.P. bought a new stake in shares of Central Puerto in the third quarter worth approximately $351,000. Quadrature Capital Ltd purchased a new position in shares of Central Puerto during the third quarter valued at approximately $122,000. Virtu Financial LLC bought a new position in Central Puerto during the third quarter valued at approximately $157,000. Finally, GAMMA Investing LLC boosted its holdings in Central Puerto by 169.1% in the fourth quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock worth $144,000 after purchasing an additional 6,248 shares during the last quarter. 2.97% of the stock is owned by institutional investors.

Central Puerto Price Performance

Shares of CEPU opened at $11.07 on Friday. The firm has a fifty day simple moving average of $12.69 and a two-hundred day simple moving average of $12.64. The firm has a market cap of $1.68 billion, a PE ratio of 4.34 and a beta of 1.02. The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. Central Puerto S.A. has a 1-year low of $7.07 and a 1-year high of $16.60.

Central Puerto (NYSE:CEPU) last posted its earnings results on Tuesday, March 11th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.26. The company had revenue of $168.00 million for the quarter, compared to the consensus estimate of $187.32 billion. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. On average, equities analysts anticipate that Central Puerto S.A. will post 0.63 EPS for the current 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.