Shares of Central Puerto S.A. (NYSE:CEPU - Get Free Report) shot up 7.4% during trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $12.33 and last traded at $12.57. 103,883 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 341,707 shares. The stock had previously closed at $11.71.
The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.26. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. The firm had revenue of $168.00 million during the quarter, compared to the consensus estimate of $187.32 billion.
Hedge Funds Weigh In On Central Puerto
Several hedge funds have recently bought and sold shares of CEPU. Point72 Asset Management L.P. acquired a new stake in Central Puerto during the 3rd quarter valued at $351,000. Ping Capital Management Inc. grew its holdings in Central Puerto by 4.9% during the 4th quarter. Ping Capital Management Inc. now owns 86,000 shares of the company's stock valued at $1,246,000 after buying an additional 4,000 shares during the last quarter. GAMMA Investing LLC grew its holdings in Central Puerto by 169.1% during the 4th 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. Quadrature Capital Ltd acquired a new stake in Central Puerto during the 3rd quarter valued at $122,000. Finally, Virtu Financial LLC acquired a new stake in Central Puerto during the 3rd quarter valued at $157,000. 2.97% of the stock is owned by hedge funds and other institutional investors.
Central Puerto Trading Up 2.7 %
The business has a fifty day simple moving average of $13.43 and a 200 day simple moving average of $12.43. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 4.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13.
About Central Puerto
(
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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