Central Puerto (NYSE:CEPU) Shares Up 7.4% – Here’s What Happened

Central Puerto S.A. (NYSE:CEPU) shares shot up 7.4% during mid-day trading on Wednesday . The stock traded as high as $12.33 and last traded at $12.57. 103,883 shares traded hands during trading, a decline of 70% from the average session volume of 341,707 shares. The stock had previously closed at $11.71.

Central Puerto Price Performance

The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 4.88 and a beta of 1.18. The company has a current ratio of 2.13, a quick ratio of 1.97 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $13.62 and a two-hundred day moving average price of $12.38.

Institutional Investors Weigh In On Central Puerto

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Central Puerto by 84.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,283,463 shares of the company’s stock valued at $33,087,000 after purchasing an additional 1,047,490 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in shares of Central Puerto by 1,204.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 435,276 shares of the company’s stock valued at $6,307,000 after purchasing an additional 401,903 shares during the period. William Blair Investment Management LLC bought a new position in Central Puerto during the fourth quarter valued at about $1,319,000. Mirabella Financial Services LLP grew its holdings in Central Puerto by 259.1% during the fourth quarter. Mirabella Financial Services LLP now owns 90,088 shares of the company’s stock worth $1,305,000 after acquiring an additional 65,000 shares during the period. Finally, OLD Mission Capital LLC bought a new stake in Central Puerto in the fourth quarter worth about $776,000. 2.97% of the stock is currently owned by institutional investors.

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.