Long Focus Capital Management LLC Sells 120,000 Shares of Central Puerto S.A. (NYSE:CEPU)

Long Focus Capital Management LLC decreased its holdings in Central Puerto S.A. (NYSE:CEPU) by 16.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 592,696 shares of the company’s stock after selling 120,000 shares during the quarter. Long Focus Capital Management LLC’s holdings in Central Puerto were worth $5,376,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ping Capital Management Inc. purchased a new position in shares of Central Puerto during the second quarter valued at approximately $390,000. Acadian Asset Management LLC bought a new position in shares of Central Puerto during the 2nd quarter worth approximately $320,000. Hsbc Holdings PLC lifted its position in shares of Central Puerto by 17.8% during the 4th quarter. Hsbc Holdings PLC now owns 206,552 shares of the company’s stock worth $1,896,000 after buying an additional 31,159 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Central Puerto during the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 2.97% of the company’s stock.

Analysts Set New Price Targets

Separately, Bank of America raised their target price on Central Puerto from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, September 11th.

Central Puerto Stock Down 2.4 %

Central Puerto stock opened at $9.63 on Friday. The company has a quick ratio of 1.96, a current ratio of 2.13 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.46 billion, a P/E ratio of 3.79 and a beta of 1.26. The firm has a 50 day moving average price of $9.13 and a 200-day moving average price of $9.38. Central Puerto S.A. has a twelve month low of $5.30 and a twelve month high of $11.60.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.25). The firm had revenue of $168.00 million for the quarter. Central Puerto had a net margin of 52.54% and a return on equity of 21.76%. As a group, equities analysts predict that Central Puerto S.A. will post 0.53 EPS for the current year.

Central Puerto Company Profile

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.