AzValor Asset Management SGIIC SA recently announced the acquisition of new stake in Central Puerto S.A. (NYSE:CEPU). The institutional investor has increased its shareholding in the Utilities company by 10.52% to 1.22 million shares with purchase of 0.12 million shares. This fresh investment now brings its stake to 0.81% valued currently at $7.27 million. In addition, Autonomy Capital Research LLP raised its holdings by 0.13 million to 0.62 million shares. And Millennium Management LLC has lifted its position by 96.45% or 0.1 million shares – to 0.21 million shares.
With over 0.25 million Central Puerto S.A. (CEPU) shares trading Friday and a closing price of $6.40 on the day, the dollar volume was approximately $1.62 million. Currently, there are 151.40M common shares owned by the public and among those 151.40M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CEPU have a consensus price objective of $8.10. The analysts have set the share’s price value over the next 12 months at a high of $8.10 and a low of $8.10. The average price target is -26.73% below its recent price level and an upside to the estimated low will see the stock gain 20.99% over that period. But an upside of 20.99% will see the stock hit the forecast high price target while median target price for the stock is $8.10.
The top 3 mutual fund holders in Central Puerto S.A. are azValor Internacional, FI, Highland Global Allocation Fund, and Global X MSCI Argentina ETF. azValor Internacional, FI owns 1.03 million shares of the company’s stock, all valued at over $6.11 million. The company bought an additional 52011.0 shares recently to bring their total holdings to about 0.68% of the shares outstanding. Global X MSCI Argentina ETF now owns shares totaling to 0.13% of the shares outstanding.
Shares of Central Puerto S.A. (NYSE: CEPU) opened at $6.37, down -$0.03 from a prior closing price of $6.40. The company’s stock has a 5-day price change of 1.75% and 48.84% over the past three months. CEPU shares are trading 7.74% year to date (YTD), with the 12-month market performance up to 94.53% higher. It has a 12-month low price of $2.73 and touched a high of $6.45 over the same period. CEPU has an average intraday trading volume of 181.95K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.00%, 19.85%, and 51.17% respectively.
Institutional ownership of Central Puerto S.A. (NYSE: CEPU) shares accounts for 3.53% of the company’s 151.40M shares outstanding. Mutual fund holders own 1.20%, while other institutional holders and individual stakeholders account for 2.17% and — respectively.
It has a market capitalization of $1.89B. The stock’s trailing 12-month PE ratio is 37.65, while the earnings-per-share (ttm) stands at $0.17. The company has a PEG of 1.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.73% over the week and 4.83% over the month.
Analysts forecast that Central Puerto S.A. (CEPU) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $1.23 for 2022. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -16.90%, and -18.50% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Central Puerto S.A. (CEPU) as a “Moderate Buy” at a consensus score of 2.70. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”