Shares of Central Puerto S.A. (NYSE:CEPU - Get Free Report) were up 7.4% on Wednesday following a stronger than expected earnings report. The company traded as high as $12.33 and last traded at $12.57. Approximately 103,883 shares traded hands during mid-day 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 the consensus estimate of $0.03 by $0.26. Central Puerto had a net margin of 56.44% and a return on equity of 22.76%. The firm had revenue of $168.00 million for the quarter, compared to the consensus estimate of $187.32 billion.
Institutional Trading of Central Puerto
Several large investors have recently added to or reduced their stakes in CEPU. Verition Fund Management LLC purchased a new stake in shares of Central Puerto in the 3rd quarter valued at $121,000. Point72 Asset Management L.P. acquired a new position in Central Puerto in the third quarter valued at approximately $351,000. Quadrature Capital Ltd acquired a new position in shares of Central Puerto in the 3rd quarter valued at $122,000. Virtu Financial LLC purchased a new position in Central Puerto during the 3rd quarter worth approximately $157,000. Finally, GAMMA Investing LLC boosted its stake in Central Puerto by 169.1% during the 4th 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 period. 2.97% of the stock is currently owned by hedge funds and other institutional investors.
Central Puerto Stock Performance
The company has a quick ratio of 1.97, a current ratio of 2.13 and a debt-to-equity ratio of 0.18. The stock has a fifty day moving average of $13.36 and a 200-day moving average of $12.48. The stock has a market cap of $1.77 billion, a PE ratio of 4.58 and a beta of 1.18.
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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