Hsbc Holdings PLC Reduces Holdings in Central Puerto S.A. (NYSE:CEPU)

Hsbc Holdings PLC reduced its holdings in shares of Central Puerto S.A. (NYSE:CEPU) by 29.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,994 shares of the company’s stock after selling 59,099 shares during the quarter. Hsbc Holdings PLC owned approximately 0.09% of Central Puerto worth $1,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CEPU. Ping Capital Management Inc. purchased a new position in Central Puerto during the 2nd quarter valued at about $390,000. Acadian Asset Management LLC purchased a new position in Central Puerto during the 2nd quarter valued at about $320,000. Finally, BNP Paribas Financial Markets purchased a new position in Central Puerto during the 1st quarter valued at about $29,000. 2.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Central Puerto Stock Performance

Shares of NYSE CEPU opened at $9.76 on Friday. The company has a market cap of $1.48 billion, a PE ratio of 3.84 and a beta of 1.26. Central Puerto S.A. has a 12 month low of $5.30 and a 12 month high of $11.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.13 and a quick ratio of 1.96. The company has a 50-day simple moving average of $9.16 and a 200-day simple moving average of $9.39.

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

About Central Puerto

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.