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

Shares of Central Puerto S.A. (NYSE:CEPU) gapped up before the market opened on Monday . The stock had previously closed at $10.70, but opened at $11.99. Central Puerto shares last traded at $11.94, with a volume of 98,724 shares traded.

Central Puerto Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.97 and a current ratio of 2.13. The firm has a market cap of $1.70 billion, a P/E ratio of 4.41 and a beta of 1.02. The company’s 50 day moving average is $11.89 and its 200 day moving average is $12.65.

Central Puerto (NYSE:CEPU) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.26. The company had revenue of $168.00 million during the quarter, compared to analysts’ expectations of $187.32 billion. Central Puerto had a return on equity of 22.76% and a net margin of 56.44%. As a group, equities analysts predict that Central Puerto S.A. will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Central Puerto

Hedge funds and other institutional investors have recently made changes to their positions in the company. Verition Fund Management LLC bought a new stake in Central Puerto during the 3rd quarter worth approximately $121,000. Virtu Financial LLC acquired a new position in shares of Central Puerto during the third quarter worth $157,000. GAMMA Investing LLC grew its stake in shares of Central Puerto by 169.1% in the fourth quarter. GAMMA Investing LLC now owns 9,942 shares of the company’s stock worth $144,000 after purchasing an additional 6,248 shares during the last quarter. Ping Capital Management Inc. increased its holdings in Central Puerto by 4.9% in the fourth quarter. Ping Capital Management Inc. now owns 86,000 shares of the company’s stock valued at $1,246,000 after purchasing an additional 4,000 shares during the period. Finally, William Blair Investment Management LLC bought a new position in Central Puerto during the 4th quarter worth $1,319,000. 2.97% of the stock is currently owned by institutional investors.

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.