625,000 Shares in Cent PUERTO S A/S (CEPU) Purchased by Highland Capital Management LP

Highland Capital Management LP purchased a new stake in Cent PUERTO S A/S (NYSE:CEPU) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 625,000 shares of the company’s stock, valued at approximately $10,626,000. Highland Capital Management LP owned 0.41% of Cent PUERTO S A/S as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. State of New Jersey Common Pension Fund D acquired a new stake in Cent PUERTO S A/S during the 1st quarter worth about $2,711,000. BlackRock Inc. acquired a new stake in Cent PUERTO S A/S during the 1st quarter worth about $11,725,000. Hsbc Holdings PLC acquired a new stake in Cent PUERTO S A/S during the 1st quarter worth about $14,536,000. Finally, Fiera Capital Corp acquired a new stake in Cent PUERTO S A/S during the 1st quarter worth about $17,114,000. Institutional investors and hedge funds own 6.56% of the company’s stock.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on Cent PUERTO S A/S in a research report on Friday, March 9th. They set an “overweight” rating for the company. ValuEngine lowered Cent PUERTO S A/S from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Morgan Stanley assumed coverage on Cent PUERTO S A/S in a research report on Tuesday, February 27th. They set an “overweight” rating for the company.

Shares of Cent PUERTO S A/S opened at $14.60 on Thursday, according to MarketBeat Ratings. The stock has a market cap of $2.26 billion and a price-to-earnings ratio of 10.35. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.30 and a quick ratio of 1.27. Cent PUERTO S A/S has a one year low of $11.15 and a one year high of $19.20.

Cent PUERTO S A/S (NYSE:CEPU) last announced its earnings results on Monday, May 14th. The company reported $2.47 earnings per share for the quarter. The firm had revenue of $91.86 million for the quarter. equities analysts expect that Cent PUERTO S A/S will post 3.16 EPS for the current year.

Cent PUERTO S A/S Profile

Central Puerto SA generates and sells electric power to private and public customers in Argentina. The company generates power through thermal, gas, and wind power plants with a total installed capacity of 3,791 MW. It also delivers steam to private customers through cogeneration cycles. The company was founded in 1989 and is based in Buenos Aires, Argentina.

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