Central Puerto (NYSE:CEPU) Stock Price Up 7.4% After Better-Than-Expected Earnings

by · The Cerbat Gem

Shares of Central Puerto S.A. (NYSE:CEPU – Get Free Report) were up 7.4% on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $12.33 and last traded at $12.57. Approximately 103,883 shares traded hands during trading, a decline of 70% from the average daily volume of 341,707 shares. The stock had previously closed at $11.71.

The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.26. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The company had revenue of $168.00 million for the quarter, compared to the consensus estimate of $187.32 billion.

Institutional Trading of Central Puerto

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Central Puerto by 169.1% during the fourth quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock valued at $144,000 after buying an additional 6,248 shares during the last quarter. Tidal Investments LLC purchased a new stake in shares of Central Puerto during the fourth quarter valued at about $176,000. Verition Fund Management LLC purchased a new stake in shares of Central Puerto during the third quarter valued at about $121,000. Quadrature Capital Ltd purchased a new stake in shares of Central Puerto during the third quarter valued at about $122,000. Finally, Virtu Financial LLC purchased a new stake in shares of Central Puerto during the third quarter valued at about $157,000. 2.97% of the stock is owned by hedge funds and other institutional investors.

Central Puerto Trading Up 2.7 %

The firm has a market capitalization of $1.87 billion, a PE ratio of 4.85 and a beta of 1.18. The company’s 50-day simple moving average is $13.50 and its 200 day simple moving average is $12.38. The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18.

Central Puerto Company Profile

(Get Free Report)

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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