Walleye Capital LLC Takes $1.35 Million Position in Central Puerto S.A. Sponsored ADR $CEPU

Walleye Capital LLC bought a new stake in Central Puerto S.A. Sponsored ADR (NYSE:CEPU) in the 1st quarter, HoldingsChannel.com reports. The firm bought 80,133 shares of the company’s stock, valued at approximately $1,349,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its holdings in Central Puerto by 4,431.2% in the first quarter. NewEdge Advisors LLC now owns 30,540 shares of the company’s stock valued at $339,000 after buying an additional 29,866 shares in the last quarter. Jane Street Group LLC raised its position in shares of Central Puerto by 77.5% in the first quarter. Jane Street Group LLC now owns 49,649 shares of the company’s stock worth $551,000 after acquiring an additional 21,673 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Central Puerto during the 1st quarter worth about $434,000. Invesco Ltd. boosted its stake in shares of Central Puerto by 41.1% during the 2nd quarter. Invesco Ltd. now owns 30,434 shares of the company’s stock worth $355,000 after acquiring an additional 8,867 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Central Puerto during the 2nd quarter valued at about $1,149,000. 2.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on CEPU. Weiss Ratings upgraded Central Puerto from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 29th. Wall Street Zen upgraded Central Puerto from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.50.

Central Puerto Price Performance

Shares of NYSE CEPU opened at $15.27 on Friday. The firm has a market cap of $2.31 billion, a PE ratio of 7.34 and a beta of 0.84. The firm has a fifty day moving average of $14.94 and a 200 day moving average of $15.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.93 and a current ratio of 1.01. Central Puerto S.A. Sponsored ADR has a one year low of $7.43 and a one year high of $18.50.

Central Puerto (NYSE:CEPU) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.64. The company had revenue of $248.52 million during the quarter, compared to analysts’ expectations of $243.07 million. Central Puerto had a net margin of 37.86% and a return on equity of 15.93%. As a group, research analysts predict that Central Puerto S.A. Sponsored ADR will post 1.63 EPS for the current fiscal year.

Central Puerto Profile

Central Puerto SA (NYSE: CEPU) is Argentina’s leading private power generation company, managing a diversified portfolio of thermal and renewable energy facilities across the country. Established following the privatization of the state-owned electricity company in the early 1990s, Central Puerto develops, operates and maintains a mix of combined-cycle and open-cycle gas turbine plants, as well as hydroelectric and renewable installations. The company’s thermal assets provide baseload and flexible generation capacity, while its renewable portfolio includes wind farms and solar parks that support Argentina’s clean energy objectives.

Headquartered in Buenos Aires, Central Puerto serves the national wholesale electricity market through long-term contracts with distribution companies and major industrial clients.