Central Puerto S.A. (NYSE:CEPU – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totalling 840,200 shares, a decline of 11.5% from the September 15th total of 949,600 shares. Based on an average daily trading volume, of 298,400 shares, the short-interest ratio is currently 2.8 days.
Analyst Ratings Changes
Separately, Bank of America upped their price objective on shares of Central Puerto from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th.
Read Our Latest Research Report on CEPU
Central Puerto Stock Up 1.8 %
Central Puerto (NYSE:CEPU – Get Free Report) last released its 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). The company had revenue of $168.00 million during the quarter. Central Puerto had a return on equity of 21.76% and a net margin of 52.54%. On average, equities analysts predict that Central Puerto will post 0.53 earnings per share for the current fiscal year.
Institutional Trading of Central Puerto
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new stake in shares of Central Puerto in the 1st quarter worth $29,000. GAMMA Investing LLC lifted its holdings in shares of Central Puerto by 62.4% during the third 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 in the last quarter. Truist Financial Corp purchased a new stake in shares of Central Puerto during the second quarter valued at $161,000. Acadian Asset Management LLC purchased a new stake in shares of Central Puerto during the second quarter valued at $320,000. Finally, Ping Capital Management Inc. bought a new stake in Central Puerto in the 2nd quarter worth about $390,000. 2.97% of the stock is currently owned by institutional investors.
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.
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